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Gloucestershire Business News

Shirt specialist to close all of its shops

Shirtmaker TM Lewin has announced it will close all 66 of its UK stores with the loss of around 600 jobs.

The retailer, which has a store in Cheltenham, said most of its 700 workers will be laid off as it takes all of its sales online, as reported by the BBC.

A private equity company bought the brand in May with plans to restructure it. It said on Tuesday that it had come up with a deal to avoid administration.

The owners said the business was no longer viable in its current format and the dramatic change is designed to protect the future of the brand.

TM Lewin was founded in London in 1898. None of its shops reopened when lockdown restrictions were eased on June 15.

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