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Wal-Mart in advanced talks to buy Bonobos: Recode

Wal-Mart in advanced talks to buy Bonobos: Recode

Saturday, April 15, 2017, 3:20 PM

Wal-Mart Stores Inc is in advanced discussions to buy online men’s fashion-retailer Bonobos Inc, Recode reported. Wal-Mart and Bonobos have agreed on a price and the deal is in final due diligence, Recode said. Nordstrom is an investor in Bonobos. The website said that the price of the deal could not be learned, but a retail business would likely fetch one to two-times revenue.
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