Typhoo Tea administration

2024 - 11 - 29

From Tea to Vapes: How Typhoo Took the Plunge!

administration - British tea brand - business rescue - consumer goods - Supreme - tea history - Typhoo Tea - UK economy - vape industry

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!

Post cover
Image courtesy of "BBC News"

Typhoo Tea falls into adminstration (BBC News)

The 120-year-old British tea brand has suffered from falling sales and widening losses.

Post cover
Image courtesy of "The Guardian"

Typhoo Tea falls into administration after 121 years (The Guardian)

Vapes and batteries maker Supreme says it is in talks over rescue of British tea brand, which was founded in 1903.

Post cover
Image courtesy of "Sky News"

Typhoo Tea officially enters administration but could soon be bought ... (Sky News)

Consumer goods wholesaler Supreme announced its takeover discussions were "at an advanced stage" but cautioned "there can be no certainty" the purchase will ...

Post cover
Image courtesy of "The Business Desk"

Typhoo Tea collapses into administration - South West (The Business Desk)

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 ...

Post cover
Image courtesy of "The Grocer"

Typhoo Tea brings in administrators as brand fights to secure rescue (The Grocer)

Administrators at Kroll told The Grocer Typhoo had been exploring a sale of the business and assets, which was 'in the process of concluding'

Post cover
Image courtesy of "Telegraph.co.uk"

Typhoo Tea crashes into administration (Telegraph.co.uk)

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 ...

Post cover
Image courtesy of "The Independent"

Vape company in rescue deal after British tea brand falls into ... (The Independent)

The historic drinks business Typhoon Tea filed a notice to appoint administrators on Wednesday, according to official filings. Vapes and batteries maker Supreme ...

Post cover
Image courtesy of "FoodManufacture.co.uk"

Typhoo Tea enters administration with Supreme poised to strike deal (FoodManufacture.co.uk)

The firm filed a notice of intention (NOI) to appoint administrators earlier this month and has now called in advisory firm Kroll.

Post cover
Image courtesy of "BBC News"

Typhoo Tea falls into adminstration (BBC News)

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 ...

Post cover
Image courtesy of "Evening Standard"

Typhoo Tea tumbles into administration after 120 years (Evening Standard)

The collapse follows several years of declining sales, mounting debts and even a break-in at its Wirral factory last year.

Post cover
Image courtesy of "Grocery Gazette"

Vape company likely buyer of Typhoo Tea as it enters administration (Grocery Gazette)

London-listed vape firm Supreme told its shareholders yesterday (28 November) that while it is uncertain that an acquisition will complete, rescue talks for ...

Explore the last week