The Grocer reposted this
Typhoo Tea Ltd is locked in a battle for survival as the brand appoints Kroll as administrators. A rescue deal sounds to be really close, so will have to wait to see what the outcome is for the 120-year-old company. 🚨 🚨 UPDATE 3:35pm: London-listed vape manufacturer Supreme confirmed this afternoon it is “currently participating in a process regarding the potential acquisition of Typhoo Tea”. New details in story below 🚨 🚨 Typhoo has been embroiled in a long turnaround attempt in recent years but faced a number of unexpected challenges. Its losses raced to almost £40m last year after trespassers broke into one of its factories in Merseyside. Losses at Typhoo have now surpassed £120m in total since 2017/18. Full story over at The Grocer
Serena Mariani
3mo
Vape manufacturer - right up the street of a wannabe ethical brand … not
Andy Audsley
2mo
Sad to see an iconic British brand go up in smoke… 🚬
Dean Dempsey
3mo
what happens to this promise? We have pledged $500,000 to make women safe. What does everyone think of the refreshing bold brew and its fight against ending sexual violence against women in the tea industry?
Holly Rix
3mo
😔
John Dabell
2mo
Sad to see!
Chief finance reporter at The Grocer
3moI'll resist the urge to suggest that the tea category is clearly on its knees...