Vape giant Supreme buys Slimfast in £20m deal Retail Wholesaler Supreme has bought meal replacement and weight management brand Slimfast in what promises to be an immediately earnings-enhancing deal, analysts have said. The deal, which saw Supreme buy Slimfast UK and Europe for £20.1m, sent the former company’s share price up more than six per cent in early trades. Slimfast is known for its [...]
Typhoo Tea racked up debts of £100m as it collapsed into administration Retail Typhoo Tea collapsed into administration owing around £100m to its creditors ahead of being rescued, it has been revealed. The Bristol-based company entered administration in November 2024 before being bought in a £10m deal the following month. Now, a new document filed with Companies House by Kroll has revealed how much Typhoo Tea owed to [...]
Typhoo is bought out of administration – but is the brand weak tea? Business YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. This week, Typhoo was bought out of administration for £10m by the Mancunian vape-maker Supreme. The tea-maker had been in financial trouble in recent years, and the new owners have pledged to outsource manufacturing and reduce overheads. But in [...]
Typhoo Tea takeover: New owner brews cost-cutting turnaround after rescue deal December 2, 2024 With the immediate future of Typhoo Tea secured after it was rescued out of administration, attention is now turning to what could next be on the cards for the historic brand. City AM exclusively revealed late on Sunday that the troubled tea maker is to be taken over by a vapes, batteries and vitamins seller [...]
Typhoo Tea rescued out of administration in £10m deal by vapes giant December 1, 2024 Typhoo Tea has been rescued out of administration by a vapes, batteries and vitamins seller for more than £10m. The trade and selected assets of the Bristol-based company have been acquired by Manchester-based Supreme, which is listed on the London Stock Exchange’s AIM, for £10.2m. In a statement, Supreme said the deal includes Typhoo Tea’s stock [...]
Typhoo Tea rescue deal eyed up by vapes giant Supreme November 28, 2024 Supreme, which sells products such as vapes and vitamins, is eyeing up a rescue deal for Typhoo Tea after the 120-year-old brand collapsed into administration. Greater Manchester-headquartered Supreme has confirmed it is “currently participating in a process regarding the potential acquisition” and added that discussions are at ‘an advanced stage”. However, the company said that [...]
Profit soars at Supreme thanks to growing demand for disposable vapes July 2, 2024 Vape-maker Supreme has lauded an "outstanding" financial performance that saw profitability at the Aim-listed firm almost double in the space of a year despite a "challenging" backdrop, prompting it to announce a bumper dividend.
Vaping giant Supreme acquires historic Clearly Drinks for £15m June 24, 2024 Vaping and vitamins maker Supreme has acquired Clearly Drinks for £15m, it has been announced.