Typhoo Tea bought by vapes firm Supreme for £10m

Typhoo Tea to be rescued by vape maker for £10m
Typhoo Tea has been rescued by vape maker Supreme in a £10m deal which it said would keep the brand "in British hands". The 120-year-old teamaker fell in to administration in November as its sales slumped and debts rose.
Typhoo Tea bought in rescue deal by vapes firm Supreme
The tea manufacturer filed to appoint administrators last Wednesday, risking the future of the 121-year-old firm.
Supreme acquires Typhoo Tea for nearly $13m
Supreme CEO Sandy Chadha said this acquisition is a “significant step” in its “broader diversification strategy.”
Typhoo Tea saved from administration in rescue deal by vape company Supreme
The 121-year-old tea firm filed to appoint administrators on Wednesday, but Supreme has confirmed it has completed a rescue deal to buy the brand. | ITV National News
Typhoo Tea falls into administration
Typhoo Tea has fallen into administration as the 120-year-old brand's sales slump, losses widen and debts rise. Advisory firm Kroll has been appointed to handle the administration and find a buyer for the tea business.
Typhoo Tea bought by vaping company after collapse
Typhoo Tea has been snapped up by a vapes and drinks manufacturer just days after the 120-year-old company, which once operated in Wirral, collapsed into administration. The historic tea company has been purchased by Supreme in a £10.2m deal.
Iconic British tea firm Typhoo saved after collapsing into administration
Typhoo has been snapped up by Supreme, in a deal worth £10.2million, after the 120-year-old firm collapsed into administration last week following declining sales and mounting debts
Typhoo Tea steams ahead with Supreme Vapes company buyout
Typhoo Tea, British tea brand, has been saved from possible collapse by being bought out of administration by vapes and batteries brand, Supreme.
Typhoo Tea bought in a £10.2 million rescue deal
Discover the rescue deal that saved Typhoo Tea. Find out how Supreme's £10.2 million acquisition secured the future of this iconic brand.
Typhoo Tea bought out of administration by vapes firm Supreme
Typhoo Tea filed to appoint administrators last Wednesday. However, London-listed Supreme confirmed talks over a deal last week and said on Monday it has completed a rescue deal to buy the historic brand. Supreme said it will pay a total of £10.2 million to buy Typhoo, in a deal which values the brand’s stock and trade debts at £7.5 million.
Supreme Acquires Typhoo Tea for $13 Mln
Supreme said it is acquiring British tea brand Typhoo Tea for 10.2 million pounds ($13 million). The London-listed consumer-goods distributor on Monday said that the transaction is expected to enhance adjusted earnings, and for the integration of the business to proceed without disruption to existing operations or customer-service levels.
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