Buyer found for biker clothing retailer Hein Gericke
A buyer has been found for the motor bike clothing and parts retailer Hein Gericke which went into administration, affecting its 49 UK stores and about 200 staff.
Administrators Moorfields Corporate Recovery said an offer had been accepted.
Officials at Moorfields said the sale of the business was expected to be completed by early September.
The UK head office of the company is in Harrogate, North Yorkshire.
In a statement the administrators, Moorfields Corporate Recovery, confirmed an offer had been accepted which would enable the Hein Gericke brand "to continue its presence in UK towns and cities".
Moorfields' statement added: "The buyer sees the potential for the business to overcome the recent economic pressures which have impacted over the past few years."
Hein Gericke was a German biker who opened a motorcycle shop in his home country in the 1970s.
Within a few years it had developed into the largest motorcycle dealership in Germany.
The Hein Gericke brand is sold through shops across Germany, Austria, Belgium, the Netherlands, Italy and Luxembourg.