Wal-Mart Stores is in advanced discussions to buy online men’s fashion retailer Bonobos, Recode reported on Friday, citing sources.
Wal-Mart and Bonobos have agreed on a price and the deal is in final due diligence, Recode said. Nordstrom is an investor in Bonobos.
The website said that the price of the deal could not be learned, but a retail business would likely fetch one to two times revenue. Bonobos has $100 million to $150 million in…