Typhoo Tea to be rescued by vape maker for £10m

Quick Summary:

The firm behind e-cigarette brand 88Vape will buy the tea business after it fell into administration.

Typhoo currently has fewer than 30 staff in the UK, mainly in sales and marketing, after much of its operations - both in the UK and abroad - have been outsourced over the years.

The 120-year-old teamaker fell in to administration in November as its sales slumped and debts rose.

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Article Details

Category: Business

Markets: United KingdomChad

Topics: Company Brand Soft Fell Administration Sales Added Been Supreme Typhoo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 13:37:31 (3 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 666 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 24136983

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 17 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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