CLOTHING firm Hein Gericke has become the latest victim of the recession after going into administration.
The bike clothing chain, which has a store on Balby Road is thought to employ around 200 staff, but has seen sales drop drastically over the last few years according to administrators Moorfields Corporate Recovery.
Administrators are now looking for a buyer for the firm, which has 49 stores nationally, and stores will remain open as usual until a new backer is found.
Simon Thomas, joint administrator at Moorfields, said: “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.”
Interested parties have until August 6 to contact the administrator.
Hein Gericke was a German biker who opened a motorcycle shop in Germany in the 1970s, which within a few years had developed into the country’s largest motorcycle dealership in Germany.
A short statement on the company’s UK website said the group was “saddened” by the administration but added the future of the UK operation is being “determined and hopefully secured”.