April 14 (Reuters) - Wal-Mart Stores Inc is in advance discussions to buy online men’s fashion retailer Bonobos Inc, Recode reported on Friday, citing sources.
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. (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)