All Unbound Group articles
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ArticleThe stocks of footwear companies continued to be under pressure in Q3
The prices of stocks monitored by Shoe Intelligence fell by 7 percent on average in the third quarter of 2023 compared with the previous three months amid ongoing concern about the economic outlook due to weak demand, higher interest rates and stubborn inflation. In the second quarter, the panel was ...
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ArticleHotter Shoes rescued by WoolOvers in £6.7m sale
Hotter Shoes has been rescued from collapse by the natural knitwear brand WoolOvers, in a pre-pack administration deal worth £6.7million (€7.7m). WoolOvers had approached Unbound Group, the parent company of the British footwear retailer, in March with an initial bid valuing the group £6.8 million but the proposal was rejected ...
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ArticleUnbound appoints administators to sell Beaconsfield Footwear
Unbound Group, the owner of British footwear retailer Hotter Shoes, said that it has decided to appoint administrators for its main operating subsidiary, Beaconsfield Footwear Limited, after having failed to find a buyer for the business or to raise fresh cash to restructure it. The appointment of the administrators is ...
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ArticleHotter Shoes’ parent considers bankruptcy as funding crisis deepens
Unbound Group, the owner of British footwear retailer Hotter Shoes, has admitted it is considering going into administration, the U.K.’s form of bankruptcy, unless it can resolve its funding crisis. The company was forced to issue a statement to the London Stock Exchange after media reports suggested it was scrambling ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleUnbound can’t find a buyer, mulls a capital increase
Shares in Hotter Shoes’ owner Unbound Group plunged after the company said it had taken itself off the market after receiving no buyout offers and was now looking at an equity raising to support a restructuring plan. The shares were down by over 18 percent on the day. “No potential ...
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ArticleUnbound puts itself up for sale as funding crisis continues
Unbound, the owner of Hotter Shoes, is putting itself up for sale as the beleaguered British retailer started another restructuring of its operations amid an ongoing funding crisis. The firm said that it was facing constraints after failing to secure fresh cash in light of weaker-than-expected first-quarter trading. It expects ...
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ArticleUnbound withdraws support for WoolOvers offer as new bidder emerges
Unbound Group, the British owner of Hotter Shoes, has withdrawn its support for a potential takeover by WoolOvers Group after receiving a rival offer from London-based Marwyn Investment Management, which has pledged to inject £10 million (€11.4m) into the firm. Marwyn made its approach on April 5, Unbound revealed in ...
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ArticleHotter Shoes’ parent may be taken over by WoolOvers
Unbound Group, the owner of Hotter Shoes, is considering a bid approach from WoolOvers Group valuing the business £6.8 million (€7.7 million). Unbound said it would accept if a firm offer were made. According to U.K. market rules, WoolOvers has to make a firm by 5.00 pm London time on ...
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ArticleHotter Shoes lifts sales but notes pressure on consumer spending
Hotter Shoes’ owner, Unbound Group, reported higher half-year sales and margins driven by strong demand, despite the tougher economic outlook. Unbound, formerly known as Electra Private Equity, said revenues rose to £27.6 million (€31.60m) from £25.0 million, driven by its multi-channel sales model. It posted a pre-tax loss of £2.14 ...
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News briefs
Unbound Group names a new CFO
The British retailer Unbound Group said that its chief financial officer (CFO), Dan Lampard, intends to step down from the role and the board from Oct. 1, to take up the position of CFO with another business. Gavin Manson, currently a non-executive director of the company, will take over as ...
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ArticleUnbound raises funds for its growth
Hotter Shoes’ parent company, Unbound Group, raised a gross £3.3 million by selling 22,004,615 shares at a price of 15 pence each in a placement. In addition to the placing, certain of Unbound’s directors and senior managers subscribed for 1,221,281 shares, under a subscription scheme, at a similar price and ...
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ArticleHotter Shoes parent unveils partner brands for fashion, lifestyle platform
Hotter Shoes parent company Unbound Group has unveiled the names of brands that will feature on its new fashion and lifestyle platform for its core customer demographic aged 55 years old or more. The site will start on July 28. The group is initially launching the offering in the fashion ...
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ArticleHotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...
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ArticleHotter plans to increase its European suppliers
Hotter Shoes is looking for additional European suppliers as it plans to increase the frequency of its collection releases and focus on digital sales. The British brand focuses on the over 55 year-old demographic with a high level of disposable income. It noted that the cohort has become more ...
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News briefs
Unbound Group hires a chief product officer
Unbound Group, the owner of the footwear brand Hotter Shoes, has appointed Sarah Davies as chief product officer. Davies, who has over 20 years of experience in the fashion retail industry will oversee strategy and product development for Hotter, as well as lead on the development of Unbound’s apparel categories. ...
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ArticleHotter Shoes in tie-up with M&S as revenues rise
Unbound Group, the parent company of Hotter Shoes, announced that the footwear brand enjoyed a surge in fourth-quarter revenues and will sell its comfort shoes through the British retailer chain Marks & Spencer (M&S). Unbound said that M&S will immediately start selling 32 Hotter products on its “Brands at M&S” ...
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News briefs
Unbound starts trading on AIM and renews its management
Unbound Group, the owner of the British footwear retailer Hotter Shoes, started trading on the AIM segment of the London Stock Exchange on Feb. 1. The company, which was previously called Electra Private Equity, previously announced that it was moving from the stock exchange’s main market to the AIM as ...
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News briefs
Unbound applies to be listed on the AIM
The British investment company Unbound Group has applied for the cancellation of its shares on the main market of the London Stock Exchange in order to be admitted on the AIM segment from Feb. 1. Unbound, which changed names from Electra Private Equity, owns the footwear brand Hotter.
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Article
Hotter Shoes revenues up 9% over Christmas
Hotter Shoes’ revenues jumped by more than 9 percent during the key November-December trading period as its soon-to-be rebranded parent company gets set to list on the AIM segment of the London Stock Exchange (LSE) at the end of January. In a trading update, Electra Private Equity – which will ...
