Coppel and Nordstrom-backed Bonobos has become the latest online retailer to be bought as part of Walmart's e-commerce growth strategy, in what could be a hugely-sized acqui-hire.
Big-box retailer Walmart agreed on Friday to acquire US-based online men’s fashion retailer Bonobos in a $310m cash deal that will give exits to fellow retailers Nordstrom and Coppel, and continue its e-commerce buying spree.
Founded in 2007, Bonobos initially functioned as a specialist chinos producer and seller, but has since expanded its products to include a range of trousers, shorts, shirts, sweaters, suits, outdoor jackets and golfing apparel.
Bonobos was also one of the first e-commerce clothing brands to…
