{"id":166360,"date":"2020-05-12T18:17:00","date_gmt":"2020-05-12T18:17:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/"},"modified":"2021-08-06T12:05:44","modified_gmt":"2021-08-06T12:05:44","slug":"tm-lewin-acquired-by-private-equity-firm-scp","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/","title":{"rendered":"TM Lewin acquired by private equity firm SCP"},"content":{"rendered":"<p>TM Lewin, the Jermyn St based British menswear brand,<strong> has been acquired by Torque Brands,<\/strong> a special purpose acquisition vehicle setup by London-based consumer specialist, SCP Private Equity, which has its eye on other British brands.<\/p>\n<p><!--more--><\/p>\n<p>The deal comes after TM Lewin's former owner Bain Capital Credit, which had owned the formalwear specialist since 2015, <strong>put the \u00a3130m-turnover business on the market in April as the COVID-19 crisis took grip.<\/strong><\/p>\n<p>SCP is a specialist private equity investor, focused on the consumer sector and is <strong>headed up by Managing Partner, James Cox, who will also act as Executive Chairman of Torque Brands.<\/strong> The team also includes ex-ASDA CEO Allan Leighton, former Harrods managing director Paul Taylor, and two-time FTSE 100 Chairman, Michael Jackson.<\/p>\n<p>Cox said it had established Torque to acquire a portfolio of British brands into one centralised service platform.\u00a0\u201cThere are significant headwinds against great retail businesses in the current environment - posing a very real threat to the sector\u2019s future,\" he said.<\/p>\n<p>\u201cWe wholeheartedly believe that <strong>specialist vertical-specific British brands, such as TM Lewin, will continue to hold a premier position<\/strong> in the eyes of the global consumer, and look forward to the challenge of helping the company adapt to the rapidly changing retail landscape.\u201d<\/p>\n<p>\u201cTorque Brands has been <strong>set up by SCP to acquire a portfolio of complementary British\u00a0Brands into one centralised shared services platform.<\/strong> It\u2019s a big supporter of the power of brand Britain and is\u00a0actively acquiring heritage homegrown talent which we see having a long and successful future.\u201d<\/p>\n<p>\u201cThis 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.\u201d<\/p>\n<p>\u201cWe very much value the brand, and look forward to building on the great work done by the team to date,\" Cox said.<\/p>\n<p>A number of parties were said to be interested in acquiring TM Lewin,<a href=\"https:\/\/www.theindustry.fashion\/charles-tyrwhitt-eyes-rival-tm-lewin\/\"> including rival Charles Tyrwhitt<\/a>. TM Lewin trades from 66 stores in the UK, and over 150 stores worldwide and was founded in 1898.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":138366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[16180,19537,12332,10570,9861,19701,19702,19700,16179,16181],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TM Lewin acquired by private equity firm SCP - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"TM Lewin, the Jermyn St based British menswear brand, has been acquired by Torque Brands, a special purpose acquisition vehicle setup by London-based\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TM Lewin acquired by private equity firm SCP - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"TM Lewin, the Jermyn St based British menswear brand, has been acquired by Torque Brands, a special purpose acquisition vehicle setup by London-based\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-12T18:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-06T12:05:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/TM-Lewin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lauretta Roberts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lauretta Roberts\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/\"},\"author\":{\"name\":\"Lauretta Roberts\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/85b04a16eba8c6cd7a9534c5a4262b89\"},\"headline\":\"TM Lewin acquired by private equity firm SCP\",\"datePublished\":\"2020-05-12T18:17:00+00:00\",\"dateModified\":\"2021-08-06T12:05:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/tm-lewin-acquired-by-private-equity-firm-scp\/\"},\"wordCount\":344,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Allan Leighton\",\"Bain Capital\",\"James Cox\",\"Jermyn Street\",\"menswear\",\"Michael Jackson\",\"Paul Taylor\",\"SCP Private Equity\",\"TM Lewin\",\"Torque Brands\"],\"articleSection\":{\"1\":\"Finance\",\"2\":\"News &amp; 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