Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / Walmart to acquire apparel brand Bonobos
Walmart to acquire apparel brand Bonobos
Jun '17
Walmart has announced that it has entered into an agreement to acquire Bonobos, Inc., one of the leading apparel brands built on the internet, for $310 million in cash. The acquisition, which is subject to regulatory approval, is expected to close toward the end of the second quarter or the beginning of the third quarter of this fiscal year.

Following the closing, Andy Dunn, founder and CEO of Bonobos will report to Marc Lore, president and CEO of Walmart US e-commerce, and oversee the company’s collection of digitally-native vertical brands. These are brands born online, and owned from design through distribution. The brands will be offered on Jet.com and possibly other Walmart brands in a variety of countries over time, and include Bonobos and recently-acquired ModCloth.

"We are seeing momentum in the business as we expand our value proposition with customers and it’s incredible to see how fast we are moving," said Lore. "Adding innovators like Dunn will continue to help us shape the future of Walmart, and the future of retail. I am thrilled to welcome Dunn and the entire Bonobos team. They have created an amazing product and customer experience, and that will not change. In fact, Dunn will be a great influence on the company, especially in leading our collection of exclusive brands offered online."

The announcement comes at a time of growth and innovation in e-commerce for Walmart. In its most recent quarter, Walmart saw 63 per cent growth in US e-commerce sales, the majority coming from organic growth in Walmart.com. Walmart’s efforts in e-commerce are empowering customers with low prices, more choices and new levels of convenience.

"We began Bonobos ten years ago to give men a completely different product and shopping experience: better fitting, higher quality clothing, in new and imaginative ways. That will always remain our mission," Dunn said. "We are excited about applying all that we have learned to help shepherd in the next era of retail." (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 29th Jan 2022

EU refers China to WTO following trade restrictions on Lithuania

The EU recently filed a case at the World Trade Organisation against...

Pic: Shutterstock

Apparel/Garments | On 29th Jan 2022

Philippines misses Jan 1 RCEP deadline; to conduct public hearing

The Philippines missed the January 1 effectivity of the Regional...

Pic: Shutterstock

Textiles | On 29th Jan 2022

ILO, BGMEA join hands to continue safety momentum in RMG sector

The International Labour Organisation (ILO) and the Bangladesh...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

 Natacha Defeche, Edana

Natacha Defeche

Since 1971, EDANA, the International association serving the nonwovens and ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Groz-Beckert East Asia LLP
Lacoste (Wanchai)
KAS Direct Sourcing
Brandix Lanka Limited
Etam Group Strategy Hong Kong Limited
Hirdaramani International Export Private Limited
Vardhman Textile Ltd
T.T. Limited
Tchibo GmbH
PVH Corporation
The Top Form Brassiere Manufacturing Company Limited
Bluestem Global Sourcing Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Eastman Chemical Company
J ;& P Coats
Alison Hayes Romania
Maceton Limited
Recron Polyester from Reliance Industries Limited
Gap International Sourcing Limited
IDH – The Sustainable Trade Initiative
Sportswear Company Spa
Varner AS Retail
Phong Phu international JSC (PPJ)
Lisa S.P.A.
Truetzschler India Private Limited
Amazon China
Cat Tuong Real Estate Group Joint Stock Company
Boardriders Asia Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Rosset ;& Cia Limited
Sainsbury's Argos Asia Limited
Huntsman (Singapore) Pte Ltd
Chico’ FAS
Aramark Uniform ;& Career Apparel, LLC
NITI Aayog
Lenzing Aktiengesellschaft
Midas Clothing Limited
Tommy Hilfiger
LC Waikiki
Page Industries Limited (Bangalore)
Chori Company Limited
Tory Burch Hong Kong Ltd
G-Star Raw C.V.
SHAHI Exports Pvt Ltd
Landmark Group
IKEA of Sweden AB
Arvind Limited
Green Fibre
International Textile Manufacturers Federation
Benetton Group
Sportmaster Ltd.
Gokaldas Exports Limited
John Varvatos
Desigual - ABASIC, S.A.
The LYCRA Company Singapore  Pte. Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Calvin Klein
Esprit Europe Services GmbH
H;&M Hennes ;& Mauritz (Far East) Ltd
C;&A Sourcing International Ltd
Vianney Textil Hogar S.A. De C.V.
Restoque S.A.
Gatsby Africa
Seasalt Limited
Hela Clothing Pvt Ltd
Under Armour Global Sourcing Ltd
Grasim Industries Limited
Guess Europe Sagl,
Target Corporation (MN)
Alix Partners
Rayonese Textile Inc., Division de Culp Inc.
Gloria Jeans
Lululemon Athletica Inc

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search