Bonobos is going to Walmart for $310 million

After two months of speculation, Walmart confirmed it's buying Bonobos for $310 million. The retail giant will buy the men's e-commerce site to join its growing roster of online brands. Walmart has been on an acquisition spree this year, led by Jet.com founder and now Walmart U.S. e-commerce CEO Marc Lore. Walmart U.S. e-commerce CEO Marc Lore Bonobos Founder and CEO Andy Dunn will report to Lore, and Bonobos could still stay a separate brand from Walmart—not necessarily sold in Walmart stores or even on Walmart.com. Bonobos Founder and CEO Andy Dunn