Bonobos co-founder leaves Walmart
Andy Dunn, co-founder of the online menswear platform Bonobos, is leaving its Walmart two years after he sold his company to the American retailer.
Walmart’s team shakes up. Andy Dunn, co-founder of Bonobos, is leaving Walmart two years after he sold his company to the American retailer for 310 million dollars.
Andy Dunn founded the e-commerce platform in 2007 and with the deal, he became a senior member of Walmart’s e-commerce team.
Walmart has been trying to turn around its traditional brick-and-mortar business to boost online
The departure of the executive comes after the retailer tried to give a spin to its traditional brick-and-mortar strategy to boost its online business. The company acquired Jet, an online store for 3.3 billion dollars three years ago.
But Walmart has also been thought some selling deals, the retailer sold Modcloth, a womenswear online platform to Go Global, a strategic investment platform for an undisclosed amount last October.
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