Bonobos founder Andy Dunn to leave Walmart
Reuters
Published Dec 12, 2019 04:22PM ET
Bonobos founder Andy Dunn to leave Walmart
(Reuters) - Bonobos founder Andy Dunn said on Thursday he would leave Walmart Inc (N:WMT) early 2020, more than two years after the world's largest retailer bought his online menswear brand.
The departure was announced via a LinkedIn (NYSE:LNKD) post titled "A Love Letter to Walmart." He did not provide details on his future plans or his last day at the company.
Dunn, currently the senior vice-president of digital consumer brands at Walmart U.S. eCommerce, became part of the company's efforts to take on Amazon.com Inc (O:AMZN) and other online sellers when the big-box retailer acquired Bonobos for $310 million in June 2017.
But Walmart has been reviewing some of the clothing brands it acquired. The company sold women's apparel brand Modcloth earlier this year and, according to media reports, had discussed selling Bonobos.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.