Typhoo Tea rescued by vape maker Supreme

Published On Dec 2, 2024, 3:46 AM

Typhoo Tea, a historic tea brand in the UK, has been rescued from administration by vape maker Supreme in a deal valued at £10 million. This acquisition follows Typhoo's decline in sales and increasing debt, leading to its administration in November. While the new ownership aims to maintain the brand within British hands, the manufacturing operations may be moved abroad as part of the restructuring process.