Typhoo Tea, a 120-year-old teamaker, has been rescued by vape maker Supreme in a £10m deal after falling into administration due to declining sales and rising debts. While the acquisition will keep Typhoo “in British hands,” manufacturing will be moved abroad. Supreme’s CEO, Sandy Chadha, cited Typhoo’s iconic status and his personal connection to the brand as motivation for the purchase, part of the company’s strategy to diversify its offerings beyond e-cigarettes.
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Fox News Politics: Wray Makes Way
The Fox News Politics newsletter provides updates on the Trump transition, including responses from Trump border czar and House Republican military veterans. FBI Director Christopher Wray announces his departure, while the Biden administration extends Iran sanctions waiver and faces disapproval for a potential Hunter Biden pardon. The House small business panel releases a report on Biden agency allegations, Treasury Secretary Yellen expresses regret over deficit, and Biden distances from a bill giving Trump more federal...
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