A security device for preventing or deterring theft of an object from a retail store or similar comprising a housing; a loop of cable extending from the housing for placement around said object; spool means rotatably mounted on the housing, the loop of cable being attached to the spool means such that, in use, rotation of the spool means in a first direction with respect to the housing causes the cable to unwind from the spool means, and rotation of the spool means in a second direction causes the cable to be wound around the spool means; latching means; alarm means; and retracting means arranged to apply a biasing force to the spool means.