TM Lewin could return to the High Street after being rescued for the second time in less than two years.
The shirtmaker will be taken over by Petra Group, its main lender, after reported interest from other buyers, including Marks & Spencer.
New lease of life: The shirtmaker will be taken over by Petra Group, its main lender
Only 22 workers at TM Lewin will transfer over to the new owners when the deal is completed.
It had 50 staff when it fell into administration last month.
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