Typhoo tea owner buys SlimFast UK and Europe in £20m deal

Supreme acquires business, which faces pressure from growth of weight loss drugs, from Irish firm GlanbiaThe owner of Typhoo tea has snapped up SlimFast’s UK and European business in a £20.1m deal as it seeks to expand in the weight management market despite fierce competition from GLP-1 weight loss jabs.The Irish nutrition and food company Glanbia has sold the low-calorie meal replacement shakes business to the British company Supreme after putting it up for sale earlier this year. Sales at the European operations have dropped, weighing on stronger trading in the US. Continue reading...