Typhoo Tea on Brink of Administration Amid Changing Tastes

• Typhoo Tea has filed notice to appoint administrators, putting its future in jeopardy.
• The company is exploring rescue options, with five days to secure a buyer or face administration.
• Administrators from EY are prepared to oversee the process if a buyer isn’t found.

Typhoo will continue to trade for now and remains available on supermarket shelves.

One of Britain’s oldest and most cherished tea brands, Typhoo Tea, is facing an uncertain future as it grapples with financial losses and changing consumer habits. The company has filed notice to appoint administrators, giving it a brief window to find a rescue buyer.

The iconic brand, which has been a staple in British households for decades, has struggled to compete as more shoppers opt for coffee or alternative beverages. Typhoo’s current notice period offers a chance for the company to continue trading while seeking a buyer to secure its future.

Dave McNulty, Typhoo’s CEO, said: "This action has been taken to enable us to pursue a sale of the business. A further statement will be issued in due course with further information."

The company’s collapse would mark another blow to Britain’s retail landscape, with several major brands already succumbing to financial pressures this year.