Wal-Mart in advance talks to acquire men's fashion retailer Bonobos: Recode

Features Reuters

(Copyright Reuters 2017)

Wal-Mart Stores Inc is in advance discussions to buy online men���s fashion retailer Bonobos Inc, Recode reported on Friday, citing sources.

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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 learned. (http://bit.ly/2nNA6nO)

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 Bentley)