Shares of attire retailer Specific Inc. soared greater than 20% in prolonged buying and selling Thursday after asserting a deal to purchase menswear model Bonobos from Walmart Inc. for a fraction of what the mega-retailer paid to amass it in 2017.
Specific EXPR and model administration agency WHP International introduced late Thursday they’re shopping for Bonobos for a mixed buy value of $75 million. Walmart WMT purchased Bonobos for $310 million in 2017 as a part of a significant effort to amass buzzy on-line manufacturers to spice up its e-commerce enterprise.
Walmart’s…
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