A T.M. Lewin store in the UK. Source: Facebook
Apparel retailer T.M. Lewin Australia collapsed into voluntary administration on Thursday, days after its UK parent announced a restructuring deal that will see all its stores close indefinitely.
Stuart McCallum, Adam Nikitins and Colby OBrien, directors of Ernest & Youngs local restructuring arm, were appointed joint administrators of T.M. Lewin Australia Pty Ltd on Thursday, according to documents lodged with the corporate regulator.
It comes just days after T.M. Lewin announced it would keep its 66 British stores closed indefinitely and lay off around 600 workers in a restructuring deal aimed at saving the business, which is known for its shirts and business attire.
McCallum said EY …
Read the full article at: https://www.smartcompany.com.au/coronavirus/t-m-lewin-australia-collapse/
