00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post. I bring
00:07you some major breaking business news this morning. The vapes and batteries maker Supreme
00:14has bought the collapsed tea firm Typhoo out of administration. Typhoo Tea filed to appoint
00:22administrators last week. However, the London-listed Supreme confirmed talks over a deal last week
00:29and said on Monday it has completed a rescue deal to buy the historic brand. Supreme said
00:37it will pay a total of £10 million to buy Typhoo in a deal which values the brand's
00:43stock and trade debts at £7.5 million. The move is part of a strategy by Supreme to expand
00:51its operations away from vaping. Some major breaking news this morning. The vapes and
00:57batteries maker Supreme has bought Typhoo out of administration. My name is Greg Wright.
01:04I'm the Deputy Business Editor of the Yorkshire Post.
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