This is the latest blow after trespassers broke into their former factory in Wirral
Typhoo Tea has fallen into administration after more than 120 years. Vapes and batteries maker Supreme has said it is in talks over a potential rescue deal to snap up the historic tea brand. The historic drinks business filed a notice to appoint administrators on Wednesday, according to official filings. The collapse follows several years of declining sales, mounting debts and even a break-in at its Wirral factory last year.
A spokesman for Kroll said: “As reported recently, the company has experienced significant cash flow constraints as a result of supply chain disruptions and subsequent service issues. The company has been exploring a sale of the business and assets which is in the process of concluding. The administration process provides Typhoo Tea with protection, allowing the joint administrators to finalise the sale in order to rescue the business.
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