Unbound Group
{{Short description|British clothing and footwear company}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = Unbound Group
| former_name = Electra Private Equity
Electra Investment Trust
| logo = Unbound Group logo.png
| type = Public Company
| traded_as = {{lse|UBG}}
| foundation = 1976
| key_people = Neil Johnson, (Chairman)
Ian Watson (CEO)
| location = London, England
| industry = Clothing, footwear, online shopping
| products = Investments, private equity funds
| revenue =
| revenue_year =
| num_employees =
| num_employees_year =
| homepage = [https://unboundgroupplc.com/ www.unboundgroupplc.com]
}}
Unbound Group, formerly Electra Private Equity, is a British-based online company specialising in clothing and specialist footwear.{{cite news|url=https://www.retailgazette.co.uk/blog/2022/06/unbound-group-names-third-party-brands-for-multi-brand-online-marketplace/|title=Unbound Group names third-party brands for multi-brand online marketplace|publisher=Retail Gazette|access-date=27 September 2022}} 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.[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] The Independent, 30 March 1999 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.[http://www.efinancialnews.com/homepage/content/541356 Electra spin-out delays fundraising]. Financial News, 27 May 2005 In 2006, Electra Partners Europe renamed itself Cognetas.[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] {{Webarchive|url=https://archive.today/20120720022208/http://www.altassets.com/private-equity-news/by-region/europe/western-europe/italy/article/nz9294.html |date=2012-07-20 }}. AltAssets, 6 September 2006
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.[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] City AM 17 August 2021 This took effect on 1 February 2022.[https://web.archive.org/web/20220821225358/https://unboundgroupplc.com/our-history/ Our History] Unbound Group The company subsequently converted to being a retailer of clothing and specialist footwear. The company went into administration in July 2023.{{cite news|url=https://www.thebusinessdesk.com/northwest/news/2117689-unbound-group-to-appoint-administrators-after-suspending-share-dealing|title=Unbound Group to appoint administrators after suspending share dealing|date=17 July 2023|newspaper=Business Desk|access-date=20 January 2024}}
Activities
References
{{Reflist|30em}}
External links
- [https://unboundgroupplc.com/ Official Unbound website]
- [http://uk.finance.yahoo.com/q/pr?s=ELTA.L Yahoo Profile: Electra Private Equity]
- [http://www.hemscott.com/companies/trust-profile.do?companyId=715 Hemscott Profile: Electra Private Equity]
{{Authority control}}
Category:British companies established in 1976
Category:Companies formerly listed on the London Stock Exchange
Category:Companies listed on the Alternative Investment Market