TYPHOO TEA
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Last November, Typhoo Tea suffered a sharp decline in annual pre-tax profits (from £972,000 to £56,000) and revenue (£81.7M to £74.1M).
Saha blamed the results on the post-Brexit fall of the pound, and knock-on effect of the cost of importing tea.
The Indian-born chief executive, who took on the top role at the firm in 2014, feared at the time that the value of the pound was “not sustainable” for his business.
However, in his interview in the April issue of Food Manufacture, Saha claimed a new spirit of collaboration between producers and retailers, along with Typhoo’s strong market positioning, would see the company through the storm.