Unbound Group PLC Disposal of property asset (5346K)
06 Mayo 2022 - 1:00AM
UK Regulatory
TIDMUBG
RNS Number : 5346K
Unbound Group PLC
06 May 2022
Unbound Group plc
Disposal of property asset
6 May 2022
Unbound Group plc ("Unbound" or the "Company"), the online multi
brand retail platform enhancing the active lifestyles of the over
55 demographic, is pleased to announce that it has disposed of a
leasehold property investment near Manchester (the "Property") to
the Coal Pension Properties Limited for a gross cash consideration
GBP1.75 million. The Property had a carrying value in the Company's
annual audited accounts to 31 January 2022 of GBP1.5m.
The Property is leased to Fujitsu Services Limited for an annual
rent of GBP300,000. The Factory was a legacy investment by Electra
Private Equity plc and is not used for the operations of Unbound or
any of its subsidiaries.
Unbound will deploy the proceeds into continued development of
the Unbound platform and for general working capital purposes.
ENQUIRIES
Unbound Group plc
Dan Lampard
020 3874 8300
Stifel Nicolaus Europe Limited (Nomad and corporate broker)
Ash Burman, Nick Adams, Stewart Wallace, Francis North
020 7710 7600
Vico Partners
Sofia Newitt
020 3957 5045
NOTES TO EDITORS
Unbound Group plc
Unbound Group plc is the parent company for a group selling a
range of brands focused on the 55+ demographic. Unbound Group will
build on the solid foundation of Hotter Shoes, its current main
business, to grow value through its curated, multi-brand retail
platform supporting the active lifestyles of the 55+ demographic
with a range of products and services. Unbound's expanded offering
beyond footwear will feature a broad range of active lifestyle
products and services, with third-party complementary brands
featuring alongside new Unbound Group brands, as well as
Hotter.
Hotter Shoes
Hotter Shoes, an Unbound Group plc company, is one of the UK's
leading specialist footwear brands, selling over 1.4 million pairs
of shoes per year. Hotter's footwear has an uncompromising focus on
'customised comfort' and perfect fit through the use of its
differentiating technology, including its e-commerce platform, 3D
foot scanner and augmented reality app which enables the consumer
to try products virtually from home. Hotter has been transformed
from a retail to a digitally led, omni-channel business over the
past 3 years, selling its footwear to over 4 million customers via
online, its direct mail order channel and its targeted 17
Technology Centres and 7 garden centre concessions in the UK. With
its clearly defined, large and growing target demographic, Hotter
now reaches 29% of the female population in the UK over the age of
55. Digital partnerships have recently been established with
several online retailers including Next, John Lewis, The Very Group
and M&S.
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END
DISFLFSDEIIEIIF
(END) Dow Jones Newswires
May 06, 2022 02:00 ET (06:00 GMT)
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