The Australian division of T.M. Lewin Australia has collapsed into administration, jeopardizing around 40 jobs in Melbourne, Sydney and Brisbane. EY has taken on the administration process, after private equity subsidiary Torque Brands purchased T.M. Lewins UK parent, and commenced a stringent restructuring operation.
TM Lewin, is a British online menswear retailer. It was started in 1898 by Thomas Mayes Lewin who opened his first shop on Londons Panton Street. By 2011, TM Lewin had 100 UK stores and outlets, and one year later it launched its first overseas store (excluding Dublin) in Sydney, Australia. The brands growing footprint soon attracted the attention of private equity buyers, and following a 2015 deal with Bain Capital, Sven …
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