Bonobos generates between $100 million to $150 million in annual revenue and attracts young, urban customers with its slim-fitting pants, shirts, jackets, and suits.
The companies have reportedly agreed on a price and the deal is “in its final due diligence stages,” Recode reported citing unnamed sources.
Walmart did not immediately respond to a request for comment.
Bonobos, founded in 2007, generates most of its sales online. It has a handful of physical stores in major cities that it calls “guideshops” where customers can work with a personal shopper…