Typhoo Tea on brink of collapse
LBC · 1d
Typhoo Tea on brink of administration following decline in sales and factory break-in
Typhoo Tea is on the brink of administration following a decline in sales and an increase in debt and losses. The 120-year-old brand is set to appoint administrators with chief executive Dave McNulty saying the company has filed a notice at court to provide “some breathing space to explore solutions".
Financial News · 1d
Typhoo Tea Appoints Administrators Amid Rescue Hopes
Typhoo Tea, a venerable name in the UK’s tea market, is urgently seeking a rescue agreement amidst serious financial challenges. The company recently filed a notice to appoint administrators from EY, a move reflecting the severe pressures that necessitate immediate resolution.
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