Unbound Group Explained

Unbound Group
Former Name:Electra Private Equity
Electra Investment Trust
Type:Public Company
Foundation:1976
Key People:Neil Johnson, (Chairman)
Ian Watson (CEO)
Location:London, England
Industry:Clothing Footwear Online Shopping
Products:Investments, private equity funds
Homepage:www.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

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] The following year, 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

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

External links

Notes and References

  1. News: Unbound Group names third-party brands for multi-brand online marketplace. Retail Gazette. 27 September 2022.
  2. https://www.independent.co.uk/news/business/electra-bombshell-on-pay-blew-up-3i-talks-1084026.html Electra bombshell on pay blew up 3i talks
  3. http://www.efinancialnews.com/homepage/content/541356 Electra spin-out delays fundraising
  4. http://www.altassets.com/private-equity-news/by-region/europe/western-europe/italy/article/nz9294.html Electra Partners Europe renames itself Cognetas, opens new office in Italy
  5. https://web.archive.org/web/20220821230958/https://www.cityam.com/electra-private-equity-to-rename-as-unbound-in-hospitality-demerger/ Electra Private Equity to rename as Unbound in hospitality demerger
  6. https://web.archive.org/web/20220821225358/https://unboundgroupplc.com/our-history/ Our History
  7. News: Unbound Group to appoint administrators after suspending share dealing. 17 July 2023. Business Desk. 20 January 2024.