Typhoo Tea's bittersweet journey from a beloved brew to potentially sharing ownership with a vape maker has taken a turn! Scroll on to find out how a 120-year tea legacy might sip its way into a different market.
The iconic Typhoo Tea brand, a staple in British households since 1903, has officially filed for administration, marking a sad chapter in the history of this much-loved tea. With 121 years under its belt, Typhoo has seen better days, struggling with declining sales and widening losses. Despite its treasured legacy, the tea company has found itself in rough waters, navigating through a sea of unfavorable market conditions and changing consumer preferences that have ultimately led it to this precarious situation.
However, there's a glimmer of hope amidst the gloom! Supreme, a company primarily known for its disposable vapes and batteries, is currently in negotiations for a potential takeover of Typhoo. Stating that the discussions are “at an advanced stage,” Supreme cautioned that there’s no guarantee of a successful acquisition. If this deal goes through, it could mean a unique crossover in the world of beverages and smoking alternatives, as this historic tea brand may soon become part of a company better known for clouds of vapor rather than aromatic tea leaves.
Typhoo's journey to this point has been troubling, as its executive leadership has been openly exploring sales channels to mitigate losses. The court's approval of administrators Kroll signals a serious need for revitalization. As consumers increasingly lean towards quick fixes like ready-to-drink products and vaping options, traditional tea brands might struggle to hold onto their once-loyal customer base, proving that even Britain's tea royalty is not immune to market shifts.
This unexpected descent from tea to vapes may spark conversations on sustainability and consumer choices, as the market grapples with enjoying a cuppa or puffing on a vape pen. One can only wonder what packaging might look like if Typhoo does shift gears—will we be sipping tea infused with vape flavors? Only time will tell!
Did you know Typhoo pioneered the tea bag in the UK back in the 1960s? It's fascinating how a brand known for making brewing tea so convenient might now be cozying up to disposable vape technology. And while Typhoo might be facing challenges today, it remains one of the most recognizable names in tea, often recalling fond memories of family gatherings and childhood comforts—a steep legacy even in the face of adversity!
The 120-year-old British tea brand has suffered from falling sales and widening losses.
Vapes and batteries maker Supreme says it is in talks over rescue of British tea brand, which was founded in 1903.
Consumer goods wholesaler Supreme announced its takeover discussions were "at an advanced stage" but cautioned "there can be no certainty" the purchase will ...
The news follows Typhoo posting a notice of intention to appoint administrators last week. Typhoo's chief executive Dave McNulty said at the time that the court ...
Administrators at Kroll told The Grocer Typhoo had been exploring a sale of the business and assets, which was 'in the process of concluding'
Typhoo is poised to be taken over by a disposable vape company after the tea company collapsed into administration. Supreme, which sells e-cigarette brands ...
The historic drinks business Typhoon Tea filed a notice to appoint administrators on Wednesday, according to official filings. Vapes and batteries maker Supreme ...
The firm filed a notice of intention (NOI) to appoint administrators earlier this month and has now called in advisory firm Kroll.
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 ...
The collapse follows several years of declining sales, mounting debts and even a break-in at its Wirral factory last year.
London-listed vape firm Supreme told its shareholders yesterday (28 November) that while it is uncertain that an acquisition will complete, rescue talks for ...