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.
 | |
| Formerly | Electra Private Equity Electra Investment Trust |
|---|---|
| Company type | Public Company |
| LSE: UBG | |
| Industry | Clothing Footwear Online Shopping |
| Founded | 1976 |
| Headquarters | London, England |
Key people | Neil Johnson, (Chairman) Ian Watson (CEO) |
| Products | Investments, private equity funds |
| Website | www.unboundgroupplc.com |
History
editThe 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
editSince February 2002, the company has focused on the sale of clothing and specialist footwear.[1]
References
edit- ^ a b c "Unbound Group names third-party brands for multi-brand online marketplace". Retail Gazette. Retrieved 27 September 2022.
- ^ a b Electra bombshell on pay blew up 3i talks The Independent, 30 March 1999
- ^ Electra spin-out delays fundraising. Financial News, 27 May 2005
- ^ Electra Partners Europe renames itself Cognetas, opens new office in Italy Archived 2012-07-20 at archive.today. AltAssets, 6 September 2006
- ^ Electra Private Equity to rename as Unbound in hospitality demerger City AM 17 August 2021
- ^ Our History Unbound Group
- ^ "Unbound Group to appoint administrators after suspending share dealing". Business Desk. 17 July 2023. Retrieved 20 January 2024.