Walmart is in advanced talks to acquire online men’s retailer Bonobos It would be the fourth acquisition in seven months for Walmart e-commerce CEO Marc Lore. Chicago Bulls star Jimmy Butler and Bonobos CEO Andy Dunn at the Bonobos Michigan Avenue Launch Party Daniel Boczarski/Getty Images for Bonobos Walmart’s acquisition streak under new e-commerce chief Marc Lore continues. The world’s largest brick-and-mortar retailer is in advanced discussions to acquire Bonobos, a 10-year-old men’s fashion retailer based in New York City. Sources say the two sides have agreed on a price — which couldn’t immediately be learned — and that the deal is in its final due diligence stages. The deal would mark at least the fourth e-commerce acquisition by Walmart digital chief Marc Lore since Walmart acquired his company Jet.com seven months ago. Those include women’s online retailer ModCloth , outdoor gear seller MooseJaw and online shoe site ShoeBuy . Lore also bought online furniture retailer Hayneedle while Jet.com was still independent. The largest of the Walmart deals under Lore was $70 million, but sources say Bonobos will go for more than that. The company has between $100 million and $150 million in annual revenue and is in better financial shape than ModCloth, which sold for less than 1x revenue. For a retail business like this, it wouldn’t be unusual to fetch between 1x and 2x revenue.
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