Typhoo, Supreme
MarketWatch · 2d
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.
FoodBev Media · 2d
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.
The Yorkshire Post · 2d
Typhoo Tea bought out of administration by vapes firm Supreme
Typhoo Tea filed to appoint administrators last Wednesday. However, London-listed Supreme confirmed talks over a deal last week and said on Monday it has completed a rescue deal to buy the historic brand. Supreme said it will pay a total of £10.2 million to buy Typhoo, in a deal which values the brand’s stock and trade debts at £7.5 million.
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