Loop news and archive

Returns fraud is costing UK retailers 1.3 billion pounds a year: Here’s how to fight back in 2025

Returns fraud isn’t new. But for UK retailers in 2025, it has reached a level of urgency that can no longer be ignored. In a recent Loop survey, nearly two-thirds (64 percent) of UK-based brands said rising returns fraud was the trend having the biggest financial impact on their business. From wardrobing (wearing and returning) to serial...

People

Loop Industries CFO exits, interim appointed

Plastic recycler Loop Industries has announced that its chief financial officer, Fady Mansour, was “removed” from his position and replaced by Nicolas Lafond, who will take on the role in an interim capacity. Lafond, who had also previously been interim CFO for Loop between December 2022 and April 2023, currently serves as the company’s senior...

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Business

Loop Industries terminates South Korean deal, India plan moves forward

Loop Industries, the operator of PET plastic and polyester fibre recycling technology, has announced the breakdown of its joint venture with South Korean Geo Centric (SKGC). The duo had initially established their relationship in early 2023 with the intention to construct and operate an Infinite Loop manufacturing facility in Ulsan, South Korea....