Former Asda boss Leighton in private equity buyout of TM Lewin

TM Lewin has been sold to private equity house SCP

Menswear retailer TM Lewin has been acquired by a private equity team including former Asda chief executive Allan Leighton.

SCP Private Equity vehicle Torque Brands, run by entrepreneur James Cox, has bought TM Lewin for an undisclosed sum and more deals are expected.

As well as Leighton, who also chairs the Co-op, the SCP team includes former Harrods managing director and Hilco chief executive Paul Taylor, and Michael Jackson, who has chaired FTSE 100 businesses.

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