Typhoo Tea bought by vapes firm Supreme for £10m

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 bought in rescue deal by vapes firm Supreme
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.
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 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
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.
Supreme rescues Typhoo Tea from administration
Founded in 1903, Typhoo entered administration last month, putting its future and associated brands at risk. Supreme’s acquisition secures Typhoo and its portfolio, including QT, Lift, Herbalists, Heath & Heather, London Fruit & Herb Company, Glengettie, Melrose’s, Ridgeways, Red Mountain Coffee and Fresh Brew.
Mills & Reeve advises Supreme on Typhoo Tea acquisition
Mills & Reeve has advised Supreme on a deal to rescue historic tea brand, Typhoo Tea, from administration. London-listed Supreme has paid £10.2m to buy the Typhoo Tea business. In the year to September 30, Typhoo generated revenues of around £20m.
Typhoo Tea rescued by vape maker
Typhoo Tea has been rescued by vape maker Supreme which will buy the company for £10m. The 120-year-old teamaker fell in to administration in November as its sales slumped and debts rose. The new owner said the deal keeps Typhoo "in British hands" but that manufacturing will be moved abroad.
Britain's Supreme buys Typhoo Tea out of administration
Britain's Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The 120-year-old tea brand had fallen into administration in November due to declining sales and mounting debt pressures.
Typhoo Tea bought by vapes firm Supreme for £10m after collapsing into administration
Typhoo Tea bought by vapes firm Supreme for £10m after collapsing into administration - The tea manufacturer filed to appoint administrators last Wednesday, risking the future of the 121-year-old firm.
Vape maker buys Typhoo Tea out of administration in £10.2m deal
Typhoo, one of Britain’s oldest tea companies, has been bought out of administration by a major UK vaping manufacturer. Typhoo Tea collapsed last week after finding no way of paying back tens of millions of pounds in debts,
Much loved tea brand saved after being bought out for £10,200,000
A beloved British tea brand has been saved from the brink of collapse by a vape manufacturer. Fans of Typhoo Tea were left ...
Typhoo Tea takeover: New owner brews cost-cutting turnaround after rescue deal
With the future of Typhoo Tea secured after it was rescued out of administration, attention is now turning to what could come ...
Typhoo plots iced drinks after rescue deal as hot tea goes out of fashion
Hot tea has been in long-term decline in Britain, amid the rise of coffee and energy drinks. The average person drinks eight ...
Iconic British tea company SAVED after collapsing into administration
AN ICONIC British tea company has been sold after collapsing into administration after 120 years. Vapes and drinks ...
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 ...