M&A Deal Summary

Walmart Acquires Bonobos

On June 16, 2017, Walmart acquired apparel/textiles company Bonobos from Nordstrom for 310M USD

Acquisition Highlights
  • This is Walmart’s 1st transaction in the Apparel/Textiles sector.
  • This is Walmart’s 8th largest (disclosed) transaction.
  • This is Walmart’s 7th transaction in the United States.
  • This is Walmart’s 1st transaction in New York.
Investment Fate
  • Bonobos was divested to a consortium of strategic buyers in 2023 for 75M USD.

M&A Deal Summary
Date 2017-06-16
Target Bonobos
Sector Apparel/Textiles
Buyer(s) Walmart
Sellers(s) Nordstrom
Deal Type Add-on Acquisition
Deal Value 310M USD
Advisor(s) Citigroup Investment Banking (Financial)
Fenwick & West (Legal)

Target

Bonobos

New York, New York, United States
Bonobos is a clothing brand focused on delivering great fit, excellent customer experience, and a fun approach to menswear. Launched online in 2007 with its signature line of better-fitting men's pants, Bonobos is one of the leading apparel brands ever built on the web in the United States. In 2011 Bonobos extended offline, launching Bonobos Guideshops, e-commerce stores that deliver personalized, one-to-one service to those wanting to experience the brand in person. Bonobos was formed in 2007 and is based in New York City.

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Buyer(S) 1

Buyer

Walmart

Bentonville, Arkansas, United States
Category Company
Founded 1945
Sector Retail
Employees2,100,000
Revenue 611.3B USD (2023)
DESCRIPTION
Entrance to Walmart's corporate campus in Bentonville, Arkansas.
Entrance to Walmart's corporate campus in Bentonville, Arkansas.

Walmart is a discount retailer with operations across the globe. Walmart operates Wal-Mart Stores, Supercenters, Neighborhood Markets and SAM?S CLUBS in the US. Internationally, the company operates in Puerto Rico, Canada, China, Mexico, Germany, United Kingdom, Argentina, and South Korea. Walmart was formed in 1945 and is based in Bentonville, Arkansas.

DEAL STATS #
Overall 12 of 22
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 8 of 17
State (New York) 1 of 2
Country (United States) 7 of 15
Year (2017) 4 of 5
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Shoes.com

Boston, Massachusetts, United States

Shoes.com is an online retailer of men's, women's, and children's shoes.

Buy $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Parcel

Brooklyn, New York, United States

Parcel, Inc. is a provider of last mile delivery services for online retailers. Parcel, Inc. was established in 2013 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Nordstrom

Seattle, Washington, United States
Category Company
Founded 1901
Sector Retail
Revenue 14.7B USD (2024)
DESCRIPTION
Nordstrom's corporate headquarters in downtown Seattle, Washington.
Nordstrom's corporate headquarters in downtown Seattle, Washington.

Nordstrom is a US-based fashion specialty retailer that operates a network of retail stores as well as ecommerce websites that include Nordstrom.com, Nordstromrack.com and HauteLook, and TrunkClub.com. The company offers a selection of brand-name and private-label merchandise focused on apparel, shoes, cosmetics, and accessories. Its integrated full-line stores and online store allow the Company to provide customers with a seamless shopping experience. Nordstrom was formed in 1901 and is based in Seattle, Washington.

DEAL STATS #
Overall 5 of 5
Sector (Apparel/Textiles) 4 of 4
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 Sole Society

Culver City, California, United States

Sole Society, Inc. is a designer of shoes to handbags to accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 MessageYes

Seattle, Washington, United States

MessageYes, Inc. is a platform to offer frictionless e-commerce over mobile messaging for brands looking to engage and transact directly with their customers. MessageYes, Inc. was established in 2015 and is based in Seattle, Washington.

Buy -
Mergr

Product

Company

Legal