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19 June 2017

Big Deal: Walmart's buys Bonobos for $310m

Coppel and Nordstrom-backed Bonobos has become the latest online retailer to be bought as part of Walmart's e-commerce growth strategy, in what could be a hugely-sized acqui-hire.

Author: Robert Lavine, News Editor

Big-box retailer Walmart agreed on Friday to acquire US-based online men’s fashion retailer Bonobos in a $310m cash deal that will give exits to fellow retailers Nordstrom and Coppel, and continue its e-commerce buying spree.