Wal-Mart in advanced talks to buy Bonobos
New York - Arab Today
Wal-Mart Stores Inc. is in advanced discussions to buy online men’s fashion retailer Bonobos Inc, Recode reported, citing sources.
Wal-Mart and Bonobos have agreed on a price and the deal is in final due diligence, Recode said. Nordstrom is an investor in Bonobos.
The website said that the price of the deal could not be learned, but a retail business would likely fetch one to two times revenue. Bonobos has $100 million to $150 million in revenue and was valued at $300 million in 2014, the article said.
The world’s biggest retailer has been working aggressively to close the gap with rival Amazon.com Inc. under the leadership of Chief Executive Doug McMillon and new e-commerce chief Marc Lore.
The deal, if announced, would become the fourth e-commerce acquisition by the retailer in less than a year.
Wal-Mart declined to comment while, Bonobos did not respond to the requests for comment.
Lore has overseen the acquisition of three other online retailers, shuffled management and made two-day shipping free on all online orders over $35, without any membership fees to compete with Amazon’s popular Prime shipping program.
Source: Arab News
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:23 2018 Paper industry around famous Chinese lake to be shut down by 2019
- Monday ,12 November GMT 16:51 2018 Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMAS
- Friday ,09 November GMT 08:11 2018 Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'
- Thursday ,08 November GMT 14:00 2018 Namibian enterprise endeavours to seize opportunities at China import expo
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:04 2019 Monday ,19 August
Live a tense and noisy atmosphere
GMT 22:42 2018 Thursday ,13 December
'World of Food Abu Dhabi' kicks off at Umm Al Emarat Park
GMT 08:59 2017 Friday ,10 March
Dubai ‘bio-dome’ will be home to 3,000 plants and animals
GMT 10:12 2018 Sunday ,28 October
Eritrea warns Germany not to 'meddle' in region's affairs
GMT 10:55 2017 Saturday ,22 July
368,000 suspected cholera cases in Yemen
GMT 11:17 2018 Thursday ,11 January
Human muscle tissue grown
GMT 12:59 2017 Tuesday ,19 December
German watchdog finds Facebook data harvesting 'abusive'
GMT 12:47 2018 Wednesday ,21 November
TRA Bahrain wins major regional award
GMT 09:26 2016 Friday ,13 May
Zlatan Ibrahimovic announces departure from PSG
GMT 08:01 2018 Tuesday ,18 September
US introduces 10% duties on imports from China for $200 bln from September 24
GMT 15:46 2018 Monday ,10 September
Oppo launches its premium smartphone Find X in UAE
GMT 20:48 2017 Monday ,13 March
Egypt's mufti: Dar al Ifta ready to support Muslims in Singapore
GMT 12:03 2017 Monday ,02 January
66 Indians jailed in Pakistan
GMT 11:43 2017 Saturday ,25 February
Why is Aung San Suu Kyi silent on abuses against the Rohingya in Myanmar?
GMT 16:13 2017 Monday ,24 April
Saudi foundation pledges $50m to eradicate measles
GMT 09:11 2017 Saturday ,29 April
White Nile, North Upper Nile State of South Sudan to sign memorandum
GMT 08:30 2017 Monday ,27 February
Steak & caramelised onion sandwich
GMT 07:16 2017 Wednesday ,19 April
Bahrain Mixed Martial Arts Federation launches logo
GMT 11:15 2017 Tuesday ,14 March
Kerber holds off Parmentier to advance at WTA Indian Wells
GMT 12:34 2017 Wednesday ,13 September
Ahlam Haggi gives priority to her career
GMT 07:24 2018 Tuesday ,23 January
Turkey in new assault on Kurdish militia on Syria
GMT 08:44 2017 Sunday ,24 December
Firm Keppel Offshore to pay $422 mn
GMT 08:58 2017 Thursday ,23 November
A visionary electric hypercar
GMT 09:10 2017 Tuesday ,07 November
Lebanon politicians await outcome of Saudi king’s
GMT 12:43 2016 Monday ,19 September
'Sully' stays at top of North American box office
GMT 08:09 2017 Thursday ,19 October
Weinstein being 'condemned by vigilantes': Oliver Stone
GMT 09:19 2017 Tuesday ,29 August
Bahrain pilgrims in good health
GMT 04:19 2017 Tuesday ,24 January
A water tunnel to the underworld
GMT 16:15 2018 Monday ,10 December
“On the Roof of Damascus” film wins Special Jury Award at International Film Festival, Tunisia
GMT 14:25 2014 Wednesday ,29 January
Egyptian general\'s murder highlights growing insecurity
GMT 03:44 2015 Thursday ,17 September
Number of Egyptian deaths in Mecca crane accident rises to 4
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor