News

Much loved tea brand crashes into administration


Typhoo Tea box.

A break-in at a factory last year battered the company’s bottom line (Picture: Getty Images)

Typhoo Tea, a beloved tea brand that has been a staple of cupboards for nearly a century, has gone into administration.

The company filed a notice yesterday that it had appointed administrators after recording losses of almost £40 million last year.

This is less than two weeks after Typhoo first revealed its intention to appoint administrators as it tried to find creditors to repay its debts.

Got a story? Get in touch with our news team by emailing us at webnews@metro.co.uk. Or you can submit your videos and pictures here.

For more stories like this, check our news page.

Follow Metro.co.uk on Twitter and Facebook for the latest news updates. You can now also get Metro.co.uk articles sent straight to your device. Sign up for our daily push alerts here.

…read more

Source:: Metro

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *