Iconic British tea company crashes into administration as rescue deal hangs in the balance …C0NTINUE READING HERE >>>
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.
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Typhoo filed noticed to appoint administrators earlier this monthCredit: Alamy
The brand was given five days to find a buyer before it officially went bust.
Typhoo was using the process to explore rescue options, but it has now appointed administrators from risk and financial advisory company Kroll.
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