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Typhoo Tea falls into adminstration (www.bbc.co.uk)

submitted 1 month ago by Emperor to c/tea

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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.

Vape and battery maker Supreme is front runner to buy Typhoo, but it said there was "no certainty" a deal will go ahead.

Typhoo has been trying to turn itself around for some time, but it suffered a setback after trespassers damaged its former factory in Moreton, Merseyside last year.

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[–] Unforeseen@sh.itjust.works 4 points 1 month ago

It is currently majority-owned by private equity firm Zetland Capital.

Ahh and there it is