// TM Lewin collapses into administration for second time in two years
// The shirtmaker has drafted in Will Wright and Chris Pole from Interpath Advisory
TM Lewin has collapsed into administration as it appoints Interpath Advisory to handle the process.
The shirtmaker has drafted in Will Wright and Chris Pole from Interpath Advisory as joint administrators.
Prior to the pandemic, the company had grown to operate more than 150 shops worldwide.
However, the impact of Covid-19 lockdowns forced it to enter an insolvency process, which saw it move to an online-only model trading exclusively in the UK in the summer of 2020.
TM Lewin was founded over 120 years ago in London.
READ MORE: TM Lewin: What went wrong?
Since Covid-19 restrictions, trading has continued to be negatively impacted by ongoing work-from-home guidance, as well as restrictions on large events and social gatherings.
While social distancing measures were lifted in early 2022, the cumulative impact on the company’s cashflow was such that, after exploring options for the business, the decision was taken to place it into administration.
“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,” Wright said.
“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.
“Our immediate priority is to explore options for the business, including a sale of the business and its assets.”
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