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Reconomy Group acquires ReBOUND Reconomy Group has acquired ReBOUND, the technology platform helping the likes of ASOS, Gymshark and Sweaty Betty manage their returns sustainably.
Reconomy, a provider of outsourced, asset-light services to the circular economy, has acquired ReBOUND. The move is set to supercharge retail’s sustainability efforts worldwide as the industry attempts to tackle the environmental impact of surging global return volumes, which have risen by 65% during the COVID crisis according to ReBOUND data.
The acquisition combines ReBOUND’s returns platform with Reconomy Group’s vast portfolio of technology-enabled environmental services, including those provided by Reverse Logistics Group (RLG) and Cycleon, that help organisations tackle sustainability in a meaningful, cost-effective way. The addition of the company positions the Group as the leading global expert in asset-light, sustainable ecommerce returns and reverse logistics, just as COVID’s onli