TM Lewin goes into voluntary administration with fears menswear company could close all Melbourne stores in the coronavirus pandemic
Australian menswear company TM Lewin has entered into voluntary administration.
The brand which has become the latest victim of the coronavirus pandemic could now close all its stores across Melbourne, Sydney and Brisbane leaving its 40 staff stranded.
TM Lewin’s five Australian stores had all shut in March due to the outbreak of the virus but staff remained employed on JobKeeper payments.
Australian menswear company TM Lewin has entered into voluntary administration
Stuart McCallum, Adam Nikitins and Colby O’Brien, directors of Ernest & Young’s Melbourne office have been appointed joint administrators of the business.
‘This is another unfortunate example of a retail business which has needed to call in Administrators because of the impact of COVID-19,’ Mr McCallum said.
‘The TM Lewin brand is very well known and respected in the Australian market. There would not be too many business people in Australia without a TM Lewin shirt, suit or tie in their wardrobe.’
More to come.