TM Lewin news and archive

TM Lewin debt widens to 30 million pounds amid administration process

Shirtmaker TM Lewin has seen its debts grow by almost 10 million pounds since its fall into administration in 2022. In a new filing with the UK’s Companies House, the retailer is said to now owe unsecured creditors over 33.8 million pounds, up on the 24.6 million pounds initially expected prior to June 30, 2024. Appointed administrator Evelyn...

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TM Lewin MD on website relaunch and post-pandemic formalwear

British menswear retailer TM Lewin relaunched its websites last month, six weeks after being bought out of administration for the second time in two years. Like many formalwear companies, it was hit hard by the pandemic as it faced prolonged store closures and the cancellation of large social events such as weddings and the Royal Ascot. The...

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TM Lewin relaunches website following administration rescue

British menswear retailer TM Lewin has relaunched its websites and outlined plans to open more flagship stores six weeks after being bought out of administration. “Welcome back,” reads a message on the company’s Instagram page. “With 120 years of TM Lewin, we are proud to continue this legacy.” The new site will be followed by “physical flagship...

Tailoring brand TM Lewin bought out of administration

Formalwear brand TM Lewin has secured its second rescue deal in the span of two years, concluding a sale of the business and assets to TM Lewin Shirtmaker Limited, a company owned by its main lender Petra Group. Following a series of pandemic-induced struggles, the company was forced to call in administrators early March 2022. Its website...

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TM Lewin falls into administration for second time in two years

British menswear retailer TM Lewin has fallen into administration for the second time in less than two years. The company, founded over 120 years ago in London, has appointed Will Wright and Chris Pole from Interpath Advisory as joint administrators. Like many formalwear retailers, TM Lewin was hit hard during the pandemic by store closures and...

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TM Lewin owner Torque Brands mulls Jaeger takeover

The owner of British men’s formalwear retailer TM Lewin is reportedly in talks for a potential takeover of Jaeger. According to Sky News, Torque Brands is one of a small number of bidders for the company. Torque Brands, which is a vehicle set up by private equity house SCP, acquired TM Lewin in June in a move that resulted in the retailer’s...

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TM Lewin enters administration, closes all 66 stores

British menswear retailer TM Lewin is to permanently close all 66 of its stores after falling into administration, resulting in 600 job losses. The company’s assets have reportedly been bought back by its owner Torque Brands through a pre-pack deal which doesn’t include its store estate, The Telegraph reports. Torque Brands is a vehicle set up...