Walmart Offloads Clothing Retailer at a Staggering $235 Million Loss
Menswear brand Bonobos will be sold to brand management firm WHP Global and popular retailer Express in a $75 million deal. Walmart acquired Bonobos in 2017 for a staggering $310 million, meaning it’s selling the once-thriving clothing company at a $235 million loss. The deal is expected to close in the second fiscal quarter of…