No Typhoo

[SueEllen]

https://metro.co.uk/2024/11/15/much-...tion-22000920/

Typhoo Tea, one of the oldest tea companies in Britain, is close to going bust.
The century-old troubled tea brand has filed a notice to appoint administrators after recording losses of almost £40 million last year.

[vetran]

well at least that will help with Reparations we can tell India to sue Typhoo. It is a bit of a pity though.

[Snooky]

I read an article about this where they reckon £24m of that loss is because some "organised trespassers" broke into an unused factory and damaged assets and goods. And it made me wonder, if you have £24m of stuff in a building, wouldn't you at least arrange 24 hour security, even if you couldn't afford to insure it fully?

[GJABS]

I blame the PG Tips monkeys..

[DoctorStrangelove]

Private Equity.

Say no more.

[Zigenare]

Private Equity.

Say no more.

I believe the damage was done by those who sold out to PE, ASG!