Flash Report 4 minutesRegister for Free AccessWalmart to Acquire Bonobos for $310 Million in Cash Coresight Research June 19, 2017 Executive Summary Walmart announced the signing of an agreement to acquire Bonobos, Inc., a leading apparel brand built on the Internet, for $310 million in cash. Following the closing, Bonobos will report to Marc Lore, President and CEO of Walmart U.S. eCommerce. The Bonobos and recently-acquired ModCloth brands will be offered on Jet.com and in a variety of countries over time. The acquisition, subject to regulatory approval, is expected to close toward the end of the second fiscal quarter this year, or the beginning of the third quarter. Bonobos offers a young and loyal male millennial customer base, which is less price-sensitive and focuses greatly on quality. Although the acquisition is likely to hurt profitability slightly in the short term, it can offer major benefits over the long term as Walmart scales up the brand. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Shoptalk Europe 2023 Startup Pitch Competition: Recap—10 Innovators, Two WinnersWeekly US and UK Store Openings and Closures Tracker 2024, Week 1: Rothy’s Plans To Open 10 US StoresWeinswig’s Weekly: The Year of the Rabbit Is Here!Retail Around the World: International Women’s Day 2023