THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
TM Lewin enters administration as formal shirts fall out of fashion

Menswear retailer TM Lewin has entered administration for the second time in two years. Will Wright and Chris Pole from Interpath Advisory have been appointed as… View Article

FASHION

TM Lewin enters administration as formal shirts fall out of fashion

Menswear retailer TM Lewin has entered administration for the second time in two years.

Will Wright and Chris Pole from Interpath Advisory have been appointed as joint administrators and are now exploring options for the company, including a sale of the business and its assets.

Founded over 120 years ago, TM Lewin had grown to more than 150 shops worldwide prior to the pandemic. After the initial impact of Covid-19, lockdown restrictions and entering an insolvency process, it moved to an online-only model trading exclusively in the UK in the summer of 2020.

Interpath said TM Lewin had battled against the impact of Covid-19 restrictions, including work-from-home guidance and restrictions on large events and social gatherings, last year. While social distancing measures were lifted in early 2022, the cumulative impact on the company’s cashflow resulted in a decision to place the company into administration.

Wright, who is head of restructuring at Interpath Advisory, said: “Over the course of the pandemic, men’s apparel – and formalwear in particular – has been one of the hardest hit parts of the retail sector, as work-from-home measures and restrictions on events meant demand for suits and formal tailoring waned.

“Unfortunately, and despite the company undergoing a significant restructuring at the start of the pandemic which saw it move to an online model, the impact on this famous British brand has been severe.”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News