Iconic British tea company crashes into administration as rescue deal hangs in the balance ...Middle East

AN ICONIC British tea company has crashed into administration, with a rescue deal hanging in the balance. Typhoo Tea filed notice that it intends to appoint administrators earlier this month. Typhoo filed noticed to appoint administrators earlier this monthAlamy The brand was given five days to find a buyer before it officially went bust. Typhoo was using the process to explore rescue options. During that time, it continued to trade while a rescue buyer is sought and it won’t disappear from supermarket shelves. Dave McNulty, chief executive of Typhoo, previously told The Telegraph he was hoping the process would result in a buyer being found. It follows several

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Iconic British tea company crashes into administration as rescue deal hangs in the balance ...Middle East

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