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Typhoo Tea teeters on the brink of administration

November 15, 2024
in Business
Reading Time: 1 min read
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Typhoo Tea teeters on the brink of administration
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The results also revealed £24.1m worth of “exceptional costs”, some of which relates to the break-in at the Moreton plant, which was shut down last year.

Typhoo said: “During August 2023, a group of organised trespassers broke into the Moreton site and occupied it for several days.”

It added that the trespassers caused “extensive damage” and made the site “inaccessible”.

It said a lot of tea was rendered unusable and it was unable to fulfil some orders to customers.

Typhoo Tea was founded in 1903 and is widely seen as one of the UK’s main tea brands, alongside the likes of PG Tips, Tetley’s and Yorkshire Tea.

Credit: Source link

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