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Unbound Group

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British clothing and footwear company

Unbound Group
FormerlyElectra Private Equity
Electra Investment Trust
Company typePublic Company
Traded asLSE: UBG
IndustryClothing, footwear, online shopping
Founded1976
HeadquartersLondon, England
Key peopleNeil 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. 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. In 1999, 3i made an unsuccessful hostile bid to take over the company. In 2005, Electra Partners Europe completed a spinout from its investment trust parent. In 2006, Electra Partners Europe renamed itself Cognetas.

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

Activities

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

References

  1. ^ "Unbound Group names third-party brands for multi-brand online marketplace". Retail Gazette. Retrieved 27 September 2022.
  2. ^ 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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