BGF exits ReBOUND, the technology platform which supports retailers – such as ASOS, Gymshark, Missguided, JD Sports and Sweaty Betty – to manage their returns sustainably.
ReBOUND’s technology, supply chain and data-led approach allows brands to understand what’s being sent back to them, why, and what to do with inbound items. The company specialises in working with fashion brands to offset the environmental impact of packaging, shipping and processing returns, helping brands calculate the most carbon-efficient routes, eliminate wasted transport miles and recycle goods, wherever possible.
Graham Best, ReBOUND Founder & CEO, said: “We’d already experienced fast growth when we first met BGF, but we had big ambitions to accelerate this by working with more retailers to tackle the challenge of managing returns and help them recognise the value of their returns data. BGF brought the perfect combination of a long-term, investment approach and expertise of scaling up businesses like ours. The partnership has allowed us to position ReBOUND for our next phase of growth more quickly than we anticipated.”
Gurinder Sunner, head of BGF in the Midlands, said: “Graham, Phil and their team have done a brilliant job in establishing and growing ReBOUND while supporting the growth of the business’ own impressive customer list. The exit has delivered strong returns for all involved as the company has exceeded growth expectations. Sustainable returns have taken on more importance during the pandemic and continue to be a challenge for many businesses committed to high environmental standards. As the UK’s ecommerce sector continues to thrive, we look forward to seeing what the ReBOUND achieves in its next chapter.”
