WHP Global and Express Acquire Bonobos from Walmart
April 13, 2023
WHP Global and Express, Inc. jointly acquired Bonobos, Inc. from Walmart Inc. under a $75 million transaction in which WHP purchased the Bonobos brand and EXPR acquired the operating assets and assumed related liabilities. WHP will license the brand to EXPR under a long-term exclusive agreement; Bonobos will remain headquartered in New York and operate its eCommerce, Guideshop and wholesale channels under the new ownership.
- Buyers
- WHP Global, Express, Inc.
- Targets
- Bonobos, Inc.
- Sellers
- Walmart Inc.
- Industry
- Retail
- Location
- New York, United States
- Transaction Type
- Buyout
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