Supreme PLC (GB:SUP) has released an update.
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Supreme PLC has acquired the iconic British tea brand Typhoo Tea for £10.2 million, marking a strategic diversification move for the company. This acquisition is expected to enhance Supreme’s earnings and broaden its UK retail network by integrating Typhoo’s well-established product range with its existing distribution channels. With Typhoo’s strong brand recognition and a capital-light, outsourced manufacturing model, Supreme aims to leverage its market reach for cross-selling and product innovation opportunities.
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