Vape maker buys Typhoo Tea out of administration

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 out of administration in £10.2m rescue 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,
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 next.
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 bought out of administration for millions
Its new owner the batteries, lighting, vapes and drinks distributor Supreme said it could bring up profit margins with a "much reduced" overhead base and outsourcing manufacturing.
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.
Typhoo Tea rescued out of administration in £10m deal by vapes giant
Typhoo Tea has been rescued out of administration by a vapes, batteries and vitamins seller for more than £10m.
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
Supreme saves Typhoo Tea from administration with a £10.2 million acquisition
Typhoo Tea has been saved from administration by a seller of vapes, batteries and vitamins in a deal worth over £10m. The trade and selected assets of the Bristol-based company have been acquired by Manchester-based Supreme, which is listed on the London Stock Exchange’s AIM, for £10.2m.
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.
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