// TM Lewin main lender strikes deal to acquire the retailer
// An investment vehicle owned by PETRA reached agreement with TM Lewin’s administrators
TM Lewin’s main lender has struck a deal to acquire the retailer after it fell into administration for the second time in less than two years.
An investment vehicle owned by PETRA Group has reached agreement with TM Lewin’s administrators, Interpath Advisory, to buy the shirtmaker.
A deal could be announced before the weekend.
READ MORE: Mike Ashley’s Frasers Group and M&S among big names sizing up TM Lewin
PETRA’s interest in TM Lewin comes less than a month since it fell into administration.
TM Lewin claims to have sold more than 70 million shirts during its 124-year history.
It closed all 66 of its physical shops as part of the insolvency, resulting in the loss of hundreds of jobs.
PETRA is said to be interested in reviving the brand’s high street presence.
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2 Comments. Leave new
I can see TM Lewin opening at McArthur Glen and a London flagship in the city and may be Jermyn Street but other than that due to changing social trends men and even women unless high up tend not to be suited and booted these days compared to 20 years ago or even 15 years ago. Things move on. Especially with work from home and hybrid working becoming the norm for many.
Still a large gap in the Dublin/Irish Market since they closed the doors on myself and my other work colleagues .