Pursuits
Wal-Mart Close to Acquiring Bonobos for About $300 Million
- World’s largest retailer seeks to boost online cachet
- Clothing startup has reversed e-commerce only strategy
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Wal-Mart Stores Inc. is in talks to buy men’s clothing retail startup Bonobos Inc. for about $300 million, according to a person familiar with the situation.
The discussions are in the final stages, though the timing of a deal hasn’t been determined, said the person, who asked not to be named because the discussions are private.