Buyers Sought for Leading Motorcycle Clothing and Accessory Retailer Hein Gericke (UK)
Buyers are being sought for one of the UK’s leading motorcycle clothing and accessory retailers, Hein Gericke (UK) Ltd, which has been placed into administration on Monday 30th July 2012
The firm, which operates 49 shops in addition to a catalogue and an online shopping service, is widely recognised as a leading brand within the UK motorcycling community. With shops across England, Wales, Scotland and Northern Ireland, Hein Gericke is a established retailer on the high street and has won many industry awards within the UK over the years.
Appointed administrator, Moorfields Corporate Recovery, is looking to sell the UK business as a going concern and is inviting interested parties to get in touch by Monday, August 6th. 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: “Hein Gericke (UK) Ltd is one of the leading suppliers of motorcycle accessories in the UK and has a well-established infrastructure in place that will allow a potential buyer to focus on generating sales. Whilst 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. The next decade saw the business expand to include clothing and accessories for bikers. The company had an international presence by 1987 at the point Hein Gericke sold his business.
The Hein Gericke brand is now sold through a retail shop presence across Germany, Austria, Belgium, Netherlands, Italy, Luxemburg and the UK.
Moorfields also acted as administrators of HPJ Jewellers earlier this year.
Interested parties should contact Moorfields Corporate Recovery on akendall@moorfieldscr.com or 0207 186 1144 .
For media enquiries, please contact:
Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com
About Moorfields
Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations