TM Lewin owner seeks buyers amid coronavirus store closures

Tm lewin

The private equity owner of men’s shirt specialist TM Lewin has put the retailer up for sale despite its store estate being closed due to the coronavirus pandemic.

Bain Capital, the private equity group that has backed TM Lewin through its debt investment arm since 2015, has asked interested bidders to submit their offers this week, Sky News has reported.  

The bidding auction will be run by corporate finance firm Alantra and comes as Bain Capital is keen to offload the business which has been hit hard by the coronavirus lockdown. 

Due to the pandemic, TM Lewin has placed around 650 of its 700 team members on furlough under the government job retention scheme. The remaining workers continue to run its online operations and supply chain.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.