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

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 handle the administration and find a buyer for the tea business.

Vape and battery maker Supreme is front runner to buy Typhoo, but it said there was “no certainty” a deal will go ahead.

Typhoo has been trying to turn itself around for some time, but it suffered a setback after trespassers damaged its former factory in Moreton, Merseyside last year.

  • Unforeseen
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    2 days ago

    It is currently majority-owned by private equity firm Zetland Capital.

    Ahh and there it is