A full-service, circular, trade-based clothing resale marketplace, the The Swoondle Society has successfully acquired ShopTomorrows, a leading resale marketplace for childrenswear.
The acquisition is an extremely beneficial transaction, where Swoondle will gain a wider reach of customers by getting access to ShopTomorrows’ large and loyal customer base.
Moreover, with this acquisition, Swoondle will offer a variety of product assortment and work effortlessly on the social impact.
Hence, the acquisition will allow the companies to solely focus on the mission of reducing the 15.1 million tonnes of fashion waste annually and create a stronger growth profile.
The company plans to encourage people to donate high-quality items by giving them credits for their next order. The aim of Swoondle is to promote the circular economy and reduce textile landfills.
Founder and CEO of The Swoondle Society, Jen Zuklie commented, “We are thrilled to welcome ShopTomorrows’ customers to our Swoondle family. The synergies in our models and missions are what led us to each other. Leveraging Haley’s expertise and extensive network will be a significant asset to Swoondle’s mission to improve the sustainability and circularity in the children’s apparel market.”
