WALMART IS ACQUIRING BONOBOS FOR $310 MILLION USD

The world’s largest retailer Walmart is acquiring New York-based Bonobos for $310 million USD in cash. The deal which will close at the end of the year is another move for Walmart as they look to go head-to-head with the e-commerce machine that is Amazon. Walmart has already snapped up Jet.com, ModCloth, ShoeBuy.com, and Moosejaw.