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TM Lewin seeks new chairman following MBO

TM Lewin is in the “advanced stages” of replacing chairman Tony Campbell, who left the firm, along with two other executives, ahead of a management buyout in August.

The departures of Campbell, creative director John Francomb and ecommerce director Andrew Mossman emerged last week. TM Lewin said it is “in the process of recruiting new people to develop the multichannel business”.

Two of its in-house press officers also quit last week. Head of PR and web content Liz Stout, and PR and social media executive Chloe Hodson had been with TM Lewin for three years.

The retailer said replacements are being sought for both. In the meantime, their duties have been outsourced.

Campbell, Francomb and Mossman left the shirt and suit retailer at the end of July. Days later, TM Lewin’s management bought the remaining 20% stake from investment firm Caird Capital after receiving an undisclosed sum from Sankaty Advisors, part of US private equity firm Bain Capital.

Chief executive Geoff Quinn already owned 30% of TM Lewin and the rest of the management owned 50%.

Campbell, who became chairman in July 2006, has held posts at Hobbs, Ted Baker and The White Company. It is not known if he has found another position. Francomb joined in 1983 and has retired.

Mossman was with the firm 10 years and is seeking non-executive roles.

TM Lewin, which has 185 stores globally, made a £636,000 pre-tax profit in the year to March 1, 2014, following losses of £1.4m the year before. Sales rose to £106.8m from £106.7m in 2013.

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