Typhoo Tea Up For Sale
Premier Foods has put its Typhoo unit tea up for sale for up to 100 million pounds. The company is understood to be unhappy with the performance of the business. Premier acquired Typhoo, a brand that is more than 100 years old, when it bought the tea and foods operations of Cadbury Schweppes in 1986. Typhoo is the third-biggest brand in the UK tea market after Unilever's (PG Tips and Tata Tea's Tetley tea.