Around 650 of TM Lewin's 700-strong employees were furloughed under the Coronavirus Job Retention Scheme of the UK government, while the stores remain temporarily closed throughout the pandemic. The 50 unfurloughed employees were active in digital operations and supply chain for TM Lewin. On 30 June 2020, TM Lewin announced the closure of all of its 66 UK shops and the redundancy of 600 workers. Stonebridge bought back the brand's remaining assets, including its online business, in a pre-pack deal after concluding TM Lewin was no longer viable in its current format.