I am interested in the Gelfand transformation $$ \Phi\colon\ell^1(\mathbb Z)\to\mathcal C(\mathbb T),\quad a\mapsto\sum_{n\in\mathbb Z}a_n z^n. $$ This is an injective homomorphism of Banach algebras. It is neither isometric nor surjective. However, its image---the Wiener algebra $W$ consisting of all continuous functions on $\mathbb T$ whose Fourier series is absolutely convergent---is a subalgebra of $\mathcal C(\mathbb T)$ which is dense in the subspace topology.
Question: Can we prove of disprove that $\Phi$ has a continuous inverse on its image $W$?
In other words: Is $\Phi\colon\ell^1(\mathbb Z)\to W$ an isomorphism of topological algebras? (Here $W$ carries the topology induced by the sup-norm from $\mathcal C(\mathbb T)$.