Lost its shirt

The Daily Telegraph - Business - - Front Page -

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.

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