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…