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] 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 (the parent company of TGI Fridays in the United Kingdom), 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
References
- Unbound Group names third-party brands for multi-brand online marketplace Retail Gazette, retrieved 27 September 2022^
- 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. 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^