TM Lewin shutters stores after tumbling into administration

TM Lewin

Shirtmaker TM Lewin is set to close all of its UK stores, putting over 600 jobs at risk, after it fell into administration due to the impact of the Covid-19 pandemic.

The brand has been saved by owner Torque Brands, an investment vehicle for private equity firm Stonebridge, but the pre-pack deal did not include its 66 stores. Instead, TM Lewin will become an online-only retailer, as originally reported by The Daily Telegraph.

The retailer struggled to keep up with rent and other bills when its store estate was forced to close during lockdown. The formalwear brand has also been negatively hit by a lack of demand during the crisis, with offices closed and events cancelled.

The news comes after Torque acquired the retailer from investment company Bain Capital last month.

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.