Typhoo Tea, a 120-year-old British brand, faces collapse after sales dropped and losses soared.

Typhoo Tea, a 120-year-old British brand, faces potential collapse due to financial troubles, including sales dropping from £33.7m to £25.3m and losses ballooning to £38m. The company has filed to appoint administrators but stresses it is exploring rescue options. Typhoo's struggles are compounded by increasing competition and a damaging break-in at its factory.

November 15, 2024
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