A merchandise security device is provided. The merchandise security device may include a housing operably coupled with a cable. The cable is configured to be extended and retracted relative to the housing and to at least partially surround an item of merchandise. The merchandise security device may also include at least one sensor operably engaged with the housing and configured to detect unauthorized movement of the housing relative to the item of merchandise. The merchandise security device may further include a lock mechanism configured to lock the cable about the item of merchandise.