just-style gives you the widest apparel and textile market coverage.But only paid just-style members have full, unlimited access to all our exclusive content - including 20 years of archives.I am so confident you will love complete access to our content that today I can offer you It’s our best ever membership offer – just for you. SCP has acquired TM Lewin through Torque Brands, an acquisition vehicle which is focused on acquiring complementary British brands into one centralised shared services platform. British menswear brand TM Lewin has today been acquired by SCP Private Equity via special purpose vehicle Torque Brands.TM Lewin, which was established in 1898, was sold to SCP for an undisclosed amount by Bain Capital Credit which acquired the shirt-and-tie retailer in 2015.SCP has acquired the business as a going concern, taking over the full store network and with plans to maintain key supplier relationships.TM Lewin has sales of over £120m in financial year 2020.Sky News reported that rival retailer Charles Tyrwhitt has mulled an offer for the business.TM Lewin has 66 UK stores and five in Australia. SCP Private Equity has acquired TM Lewin, a British menswear retailer. The firm takes over the reins from Bain Capital Credit, a leading global credit specialist, which acquired TM Lewin in 2015. “There are significant headwinds against great retail businesses in the current environment – posing a very real threat to the sector’s future,” he said.“This is an exciting time for the renowned shirt maker and marks the start of a new chapter in its long and illustrious 120-year history.”“We very much value the brand, and look forward to building on the great work done by the team to date,” Cox said.A number of parties were said to be interested in acquiring TM Lewin,Write CSS OR LESS and hit save.
British menswear brand TM Lewin has been acquired by Torque Brands, a special purpose acquisition vehicle set up by London-based consumer specialist, SCP Private Equity. CTRL + SPACE for auto-complete.© TheIndustry.fashion 2020 All rights reserved | Company number: 09641260 Find new apparel sourcing destinations, assess trade flows and manage tariffs. James Cox, Managing Partner of SCP, said: “There are significant headwinds against great […] Imraan has spent the last 20 years building leadership and C-Suite teams across a mix of Private Equity and VC backed businesses. "There are significant headwinds against great retail businesses in the current environment – posing a very real threat to the sector's future," he said.He added Torque Brands is a "big supporter of the power of brand Britain and is actively acquiring heritage homegrown talent." You are agreeing for just-style.com to send you newsletters and/or other information about our products and services that are relevant to you by email. Private equity firm SCP has acquired Men’s retailer TM Lewin from Bain Capital for an undisclosed sum. It is led by managing partner James Cox who will also act as executive chairman of Torque Brands.Cox is working alongside a seasoned team of investment and operating experts, who combined have led liquidity events totalling more than GBP30bn (US$36.7bn) in the sector.
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