April 14 Wal-Mart Stores Inc is in
advance discussions to buy online men’s fashion retailer Bonobos
Inc, Recode reported on Friday, citing sources.
Both the sides have agreed on a price and the deal is in its
final stages, Recode said. The expected deal value could not be
The deal, if announced, would come two months after the
world's largest retailer acquired online outdoor clothing and
gear retailer Moosejaw for $51 million, to boost its competitive
standing in U.S. e-commerce.
Wal-Mart did not respond to the requests for comment.
Bonobos could not be immediately reached.
(Reporting by Divya Grover in Bengaluru; Editing by Alden