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Unbound Group

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Unbound Group
FormerlyElectra Private Equity
Electra Investment Trust
Company typePublic Company
LSE: UBG
IndustryClothing Footwear Online Shopping
Founded1976
HeadquartersLondon, England
Key people
Neil Johnson, (Chairman)
Ian Watson (CEO)
ProductsInvestments, private equity funds
Websitewww.unboundgroupplc.com

Unbound Group, formerly Electra Private Equity, is a British-based online company specialising in clothing and specialist footwear.[1] It was listed on the Alternative Investment Market until going into administration in July 2023.

History

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The company was founded by Michael Stoddart in 1976 as Electra Investment Trust.[2] In 1999, 3i made an unsuccessful hostile bid to take over the company.[2] In 2005, Electra Partners Europe completed a spinout from its investment trust parent.[3] In 2006, Electra Partners Europe renamed itself Cognetas.[4]

In August 2021, the company announced that, following the spin-off of its hospitality business Hostmore plc, it would rename itself Unbound Group and transfer to the Alternative Investment Market.[5] This took effect on 1 February 2022.[6] The company subsequently converted to being a retailer of clothing and specialist footwear.[1] The company went into administration in July 2023.[7]

Activities

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Since February 2002, the company has focused on the sale of clothing and specialist footwear.[1]

References

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  1. ^ a b c "Unbound Group names third-party brands for multi-brand online marketplace". Retail Gazette. Retrieved 27 September 2022.
  2. ^ a b Electra bombshell on pay blew up 3i talks The Independent, 30 March 1999
  3. ^ Electra spin-out delays fundraising. Financial News, 27 May 2005
  4. ^ Electra Partners Europe renames itself Cognetas, opens new office in Italy Archived 2012-07-20 at archive.today. AltAssets, 6 September 2006
  5. ^ Electra Private Equity to rename as Unbound in hospitality demerger City AM 17 August 2021
  6. ^ Our History Unbound Group
  7. ^ "Unbound Group to appoint administrators after suspending share dealing". Business Desk. 17 July 2023. Retrieved 20 January 2024.
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