Another high street chain closes doors as menswear giant TM Lewin goes online-only
dailystar.co.ukFREE newsletter is out of this world! Get the biggest, brightest and weirdest stories straight to your inboxHundreds of jobs are likely to be cut at shirtmaker TM Lewin as it announced it will close all of its stores and switch sales online.The menswear brand, famous for its office clothes, runs 66 shops in the UK and more than 150 worldwide.Investor SCP Private Equity bought TM Lewin in May from private equity owner Bain Capital, which had acquired the brand in 2015.
In a statement, Resolve, which has been hired to restructure the business, said: "This acquisition secured the future of the brand at a time of unprecedented uncertainty within the retail sector."After considerable review, and due to the many issues currently being experienced.
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