Walmart buys digital clothing retailer Bonobos in $310m deal

US retail giant Walmart said on Friday that it was buying digital-focused men’s apparel retailer Bonobos for $310m in cash, as it looks to expand and enhance its ecommerce presence amid fierce competition from the likes of Amazon. Andy Dunn, chief executive and founder of 10-year old Bonobos, will oversee the company’s digitally native vertical […]

Amazon to Buy Whole Foods in $13.4 Billion Deal – The New York Times

close dealbook-branding close story-meta Photo Customers at the Whole Foods Market in Manhattan. Credit John Taggart for The New York Times said on Friday that it had agreed to buy the upscale supermarket chain Whole Foods for $13.4 billion, in the online retailer’s latest push into the grocery business. The deal comes as the high-end […]

DNAinfo Editor Leaves Amid Gothamist Merger Turmoil

Joe Ricketts. Photo: AP John Ness is out as editor-in-chief of DNAinfo.com, sources in the newsroom have told Jezebel. Ness did not return a request for comment about the circumstances of his leaving. We do know, however, that members of DNAinfo’s most senior editorial staff were laid off in the run-up to the announcement earlier […]

Yahoo Says 1 Billion User Accounts Were Hacked – The New York Times

A Yahoo conference last year. The company said it discovered a 2013 attack after analyzing files provided by law enforcement. Credit Victor J. Blue/Bloomberg SAN FRANCISCO — Yahoo, already reeling from its September disclosure that 500 million user accounts had been hacked in 2014, disclosed Wednesday that a different attack in 2013 compromised more than […]