[News] Typhoo Tea may go bust!

[Official Old Man]

Called in the administrators.
My question surely is, how can a company making a product that everybody (well a vast majority) wants, not make a profit?
They say something about a break-in at their factory, which they cant talk about. Guess it's an ongoing legal case. But do they not have insurance for things like that?
They say the break-in caused £millions of damage.

Typhoo Tea teeters on the brink of administration

The loss-making firm is attempting a turnaround amid a break-in and fire at its former factory.

www.bbc.co.uk

 

[Guinness Boy]

Called in the administrators.
My question surely is, how can a company making a product that everybody (well a vast majority) wants, not make a profit?
They say something about a break-in at their factory, which they cant talk about. Guess it's an ongoing legal case. But do they not have insurance for things like that?
They say the break-in caused £millions of damage.

Typhoo Tea teeters on the brink of administration

The loss-making firm is attempting a turnaround amid a break-in and fire at its former factory.

www.bbc.co.uk

They will of course have commercial insurance. Whether they qualify for a payout or not will be down to the claim and loss assessors. And, obviously, beyond that, if stock and / or distribution was affected then there's an immediate bottom line hit until the payout is received.

Beyond that I do think fewer people are drinking builder's tea. A lot of younger people seem to be on the skinny latees or ginger / fruit / herbal teas. The proliferation of chain coffee shops has changed our tastes. Even Mrs GB who used to be a tea drinking MACHINE is only on black coffee and peppermint tea these days.

 

[Worried Man Blues]

Break in by Tea leafs!

 

[Albion_Dave]

This has been brewing for a while!

 

[GT49er]

Organised occupation of the factory - what was all that about? Strange that they could be so unprofitable though.

 

[Tom Hark Preston Park]

Storm in a teacup

 

[juliant]

Awful tea not surprised.

 

[FatSuperman]

Organised occupation of the factory - what was all that about? Strange that they could be so unprofitable though.

Apparently it was just someone's leaving par-tea

 

[Peacehaven Wild Kids]

It’s been oolong time coming

 

[Coldeanseagull]

You always get an eww with typhoo

 

[Insel affe]

Police have released a photo of a couple of suspects they would like to talk too about the break in.

 

[banjo]

Brewster’s millions might help.

 

[PILTDOWN MAN]

Tasseography would have helped

 

[clapham_gull]

It’s been oolong time coming

The finance director saw it coming a chamomile off.

 

[Herr Tubthumper]

Organised occupation of the factory - what was all that about?

It was Marxist's, they were complaining that proper-tea is theft.

(yes, I know it was not Marx but few have heard of Proudon)

 

[Herr Tubthumper]

Opening the link shows the tea bags with 50% free....maybe this is the issue?

 

[CheeseRolls]

Called in the administrators.
My question surely is, how can a company making a product that everybody (well a vast majority) wants, not make a profit?
They say something about a break-in at their factory, which they cant talk about. Guess it's an ongoing legal case. But do they not have insurance for things like that?
They say the break-in caused £millions of damage.

Typhoo Tea teeters on the brink of administration

The loss-making firm is attempting a turnaround amid a break-in and fire at its former factory.

www.bbc.co.uk

They don't mention private equity and loading the company with debt? I must be letting my imagination run wild again.

 

[Hovegull]

To be brew-tally honest, youngsters these days just don’t drink the stuff - coffee is very trendy and also other cold drinks, but I don’t know any young tea drinkers

 

[Anger]

Oo!

 

[jamie-oh]

Just not a top tier tea. Yorkshire, PG, Twinings all significantly better, before you even step into the realm of Teapigs or other more artisan affairs. Typhoo is old skool mediocritea. OK theyre clearly better than Lipton of course, but thats not exactly hard. Lift your game, Typhoo, you can't just rely on monkeys these days.