Electra Private Equity has sold all but one of its core investments, changed its name to Unbound Group and moved to AIM. It is left with a retail business that is focused on the over 55 years old age group. Hotter Shoes, which was founded in 1959, is a direct to consumer footwear retailer and there are plans to sell other products through its website.
Unbound ended the last day of trading on Main Market at 54.6p. The shares opened on AIM at 56p and ended the day at 58.5p. There were 125,650 shares traded, down from 237,220 the previous day.
The underlying business is currently losing mo...
