Typhoo Tea officially enters administration but could soon be bought by Supreme | Money News Aitrend

Typhoo Tea officially enters administration but could soon be bought by Supreme | Money News

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Typhoo Tea has entered receivership, but a buyer could already be on the verge of taking over the struggling business. Administrators were appointed for the more than 100-year-old tea brand on Wednesday, but a potential buyer has already emerged. Consumer goods wholesaler Supreme said its takeover discussions were “at an advanced stage”, but warned that … Read more

Typhoo Tea on the brink as Brits switch to coffee | Money News Aitrend

Typhoo Tea on the brink as Brits switch to coffee | Money News

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Typhoo Tea is preparing to enter administration after 120 years in business, amid falling sales and growing debt. Typhoo, one of Britain’s oldest tea companies, has filed a court case to explore potential solutions, with the intention of appointing EY as administrator. In a statement to Sky News, chief executive Dave McNulty said: “This action … Read more