Bang goes another one

[smilinjack 0]

http://www.frank-thomas.co.uk/cgi-bin/ft_news.pl?id=791

[Neill 0]

sign off the times Im afraid
we will soon be back to getting riding gear from surplus stores
although modern flying jackets are crap

[trebor4460 0]

Sad times,

[Guest Guest]

I'm really shocked by this, its a huge company. I guess its a sign of the times, no new bikers coming into the fold so no kit being sold..

[peejay 0]

More bad news, it's such a shame when decent companies can't survive

[Stue11 0]

Yea it is a bloody shame

[dick65 0]

ffs i use a lot of FT stuff top quality at a decent price this really pisses me off, another one gone.

[Stue11 0]

@dick65 wrote:

ffs i use a lot of FT stuff top quality at a decent price this really pisses me off, another one gone.

So do i mate, great gear and like you said good price to

[Grumpyowl 0]

@dick65 wrote:

ffs i use a lot of FT stuff top quality at a decent price this really pisses me off, another one gone.

hope they can find a buyer or some way to survive on a smaller scale perhaps

[inaneredstripe 0]

bugger

[maxnod 0]

Rose wrote:

I'm really shocked by this, its a huge company. I guess its a sign of the times, no new bikers coming into the fold so no kit being sold..

Rose!!!

'I'm really shocked by this,
It's a huge companyyyyyyyyy.
I guess it's a sign of the times,
No new bikers coming into the fold,
So no kit being sold.'

I think we may have a hit record here!

Any more verses, anyone?

[Guest Guest]

Hein Gerikke are teetering on the point of administration too... can't believe Micon hit the wall! Yes that's old now but love their zorsts

[Chas 0]

NoZ wrote:

Hein Gerikke are teetering on the point of administration too... can't believe Micon hit the wall! Yes that's old now but love their zorsts

I've looked closely at Hein Gericke's business model & have to say that going the 'franchise' route with those expensive & under used shops was a good decision.

Where do you get the info that they're "teetering" on the point?

If Micron's founder & principle driving force had not sold out then Micron would still be a very profitable Co'. Several manufacturers of similar products have spawned from the Micron factory over the years, Art failed but Scorpion are still going strong.

[Chas 0]

Frank Thomas are in administration, this is not the same as receivership.

Hopefully, it will be sold as a going concern. Second best is to break it up & sell the individual parts.

Worst case scenario is if it's all liquidated & only the brand name remains.