Typhoo Tea to call in administrators amid sales slump
by Mark Sweney from World news | The Guardian on (#6S87N)
Tea sales in the UK have been declining for years, with drinkers switching to coffee, energy drinks and bubble tea
Typhoo Tea is to call in administrators, as Britain's oldest tea brand struggles with more than 70m in debt amid a sales slump in the highly competitive drinks market.
The 121-year-old company has filed a court notice to appoint administrators EY to explore rescue options, in a bid to give it some breathing space from creditors and to try to pay back its debts.
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