Shares of clothes retailer Specific Inc. rose 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 that they’re shopping for Bonobo for a complete of $75 million. Walmart WMT purchased Bonobos for $310 million in 2017 as a part of a significant effort to amass hyped on-line manufacturers for e-commerce development.
Walmart…
