Typhoo Tea falls into adminstration
Source: BBC
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.Manufacturer and distributor Supreme is front runner to buy Typhoo, the BBC understands. Typhoo has been trying to turn itself around for some time, but it suffered a setback after trespassers…
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