Bonobos

On Friday, June 16 2017, the company announced an agreement to be purchased by Walmart for $310M, citing Walmart’s intent to energize its e-commerce channel in an attempt to mirror Amazon. Bonobos founder Andy Dunn responded personally in a post on Medium.com. He spoke of his background as the son of a mother who immigrated from India. He talked about the experience of graduating business school $150,000 in debt. He shared the inspiration that led to the creation of Bonobos in 2007. He spoke of his admiration for Marc Lore, the founder of Jet.com who now heads Walmart e-commerce following Walmart's acquisition of Jet.