Lost its shirt
TM Lewin stores will disappear from the high street after it collapsed into administration at the cost of 600 jobs. The shirtmaker’s assets were bought back by its owner Torque Brands, an investment vehicle for private equity firm Stonebridge through a pre-pack deal – but not its 66 shops. It comes a month after Torque acquired the retailer from Bain. The business, which first opened in Mayfair in 1898, will live on online.