Walmart reaches deal to acquire Bonobos
June 16, 2017
Walmart has agreed to pay $310 million to acquire Bonobos. The men’s clothing company, which was founded as a pure play e-tailer, has since opened its own brick and mortar locations and boutique shops inside of Nordstrom stores. The move for Walmart continues its acquisitions of e-commerce companies including Jet.com, ShoeBuy.com, Moosejaw and Modcloth.
Recent News
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.
2024 Toyota Tacoma Hybrid: A Closer Look
Toyota has unveiled the 2024 Tacoma Hybrid, and it’s making waves in the midsize pickup segment.