Wal-Mart to buy online men’s fashion retailer Bonobos for $310 million

Wal-Mart Stores Inc. has announced its acquisition of online men’s fashion retailer, Bonobos Inc., for $310 million, in a transaction that is expected to close toward the beginning of the third quarter of Wal-Mart’s fiscal year, ending January 2018, according to Reuters. Wal-Mart said Bonobos’s clothes and accessories will be offered on its Jet.com e-commerce website.

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M&A,mergers and acquisitions,strategic acquisition,M&A deals,online retail,apparel,retail