TM Lewin, the tailor and shirtmaker, announced a rise in sales of 42% after the launch of 15 new stores. The Times

Rising demand for slimmer-fitting shirts as City workers shape up and soaring demand for sharper suits helped to almost to double annual underlying earnings.

The retailer, which was bought by management last year for £50m, disclosed in its first public results that earnings rose 91% to £9.1m in the year to 28 February.

Central London sales in June were up 10.3% on a year earlier as tourists helped to boost spending.