Famous British tea firm Typhoo collapses into administration with more than 100 jobs at risk

The beverage institution filed a announcement connected Wednesday that it had appointed administrators aft 2 weeks of efforts to find creditors to wage backmost its debts

The iconic British beverage institution Typhoo has crashed into medication arsenic its rescue woody hangs successful the balance.

The institution - which is 1 of the UK's oldest beverage companies - filed a announcement connected Wednesday that it had appointed administrators aft 2 weeks of efforts to find creditors to wage backmost its debts. The hazard and fiscal advisory institution Kroll person been appointed.

In a connection today, it said: "The institution has experienced important currency travel constraints arsenic a effect of proviso concatenation disruptions and consequent work issues. The institution has been exploring a merchantability of the concern and assets, which is successful the process of concluding. The medication process provides Typhoo Tea with protection, allowing the Joint Administrators to finalise the merchantability successful bid to rescue the business."

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