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Moorfields Corporate Recovery has been appointed administrators for motorcycle clothing and accessory retailers, Hein Gericke (UK) Ltd and is looking to sell the business as a going concern.
The firm, which operates 49 shops nationwide in addition to a catalogue and an online shopping service, is widely recognised as a leading brand within the UK motorcycling community.
The UK business is separate from the parent company, which operates shops across Europe, trading within the UK under a license agreement with the German-based parent company.
Simon Thomas, joint administrator at Moorfields Corporate Recovery, said: ‘While the ongoing economic pressures have affected sales in recent years I am confident the business model has a lot of potential with a dedicated customer base and staff who are obviously passionate about working for the company.’
Hein Gericke was a German biker who opened a motorcycle shop in Germany in the 1970s. Within a few years the business developed to become the largest motorcycle dealership in Germany and went on to expand to include clothing and accessories for bikers and move into overseas markets.
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