USA: Wal-Mart Stores is in advance discussions to Bonobos Inc
Wal-Mart Stores is in advance discussions to buy online men’s fashion retailer Bonobos Inc, Recode reported on Friday, citing sources.
Both the sides have agreed on a price and the deal is in its final stages, Recode said. The expected deal value could not be learned.
The deal, if announced, would come two months after the world’s largest retailer acquired online outdoor clothing and gear retailer Moosejaw for $51 million, to boost its competitive standing in U.S. e-commerce.
Wal-Mart did not respond to the requests for comment. Bonobos could not be immediately reached.
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