Walmart to Acquire Bonobos for $310 Million USD

The multinational retail giant continues its e-commerce push.

Fashion
3,568 Hypes 0 Comments

After starting out with a focus on pants and eventually pushing into everything from activewear and suiting to outerwear and accessories, New York-based Bonobos has been acquired by Walmart. According to the American multinational retailing corporation, the deal is for $310 million USD in cash and will close around the end of this year’s second fiscal quarter or at the start of the third. The acquisition marks just the latest for Walmart in its bid to ramp up its e-commerce presence: Walmart bought Jet.com last year before acquiring ModCloth, ShoeBuy.com and Moosejaw in the months since.

In other acquisition news, Amazon continued its hot streak today, adding Whole Foods to its arsenal — to the tune of $13.7 billion USD.

Read Full Article

What to Read Next

Walmart Is Looking To Hire a Crypto Expert
Tech 

Walmart Is Looking To Hire a Crypto Expert

To stay on top of ‘technology and customer trends.’

Walmart Takes YEEZY to Court, Continues To Claim Logo Similarity
Footwear

Walmart Takes YEEZY to Court, Continues To Claim Logo Similarity

Highlighting the alleged resemblance in the “spark or sunburst” logos.

BuzzFeed Acquires Complex Networks for $300 Million USD
Entertainment 

BuzzFeed Acquires Complex Networks for $300 Million USD

Part of the company’s move to go public.


Aritzia Acquires Reigning Champ for $63 Million USD
Fashion 

Aritzia Acquires Reigning Champ for $63 Million USD

As the retailer looks to expand its men’s category.

Nike's PG1 "Light Aqua" Joins Its Long List of Colorways
Footwear

Nike's PG1 "Light Aqua" Joins Its Long List of Colorways

Aquaman on the courts.

STAMPD Drops Modern Yet Ancient Capsule Collection for 'The Mummy'
Fashion

STAMPD Drops Modern Yet Ancient Capsule Collection for 'The Mummy'

“Design has no boundaries.”

The Nike Air Max 97 "Summit White" Exemplifies Sporty Summer Vibes
Footwear

The Nike Air Max 97 "Summit White" Exemplifies Sporty Summer Vibes

The challenge now is keeping them clean.

Gosha Rubchinskiy Will Launch New "Tokyo" Photo Book at DSM Ginza
Fashion

Gosha Rubchinskiy Will Launch New "Tokyo" Photo Book at DSM Ginza

Spotlighting street-cast models from the Japanese capital.

Legendary Mecha Anime 'Mazinger Z' Gets Teaser Trailer for New Film
Entertainment

Legendary Mecha Anime 'Mazinger Z' Gets Teaser Trailer for New Film

Ichiro Mizuki from the original series is returning to perform the film’s opening theme song.


Wiz Khalifa & Ty Dolla $ign Join 24Hrs In New Video for "What You Like"
Music

Wiz Khalifa & Ty Dolla $ign Join 24Hrs In New Video for "What You Like"

Directed by Shomi Patwary.

Hungarian Artist Installs a Colorful Batch of Inflatable Pool Balls on a Venetian Lagoon
Art

Hungarian Artist Installs a Colorful Batch of Inflatable Pool Balls on a Venetian Lagoon

A vibrant homage to both Venice and Hungary.

Watch Swizz Beats and BACARDÍ's Trailer for the Upcoming No Commission Event in Berlin
Art

Watch Swizz Beats and BACARDÍ's Trailer for the Upcoming No Commission Event in Berlin

Swizzy’s immersive music and art fair heads to Europe.

The Nike Air Max 95 Gets an Icy White Makeover
Footwear

The Nike Air Max 95 Gets an Icy White Makeover

The perfect summertime Air Maxes are about to arrive.

KYLE Has "Nothing 2 Lose" on New Track
Music

KYLE Has "Nothing 2 Lose" on New Track

Zane Lowe debuted the track on Beats One Radio.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.