(Adds statement from Walmart)
Dec 12 (Reuters) - Bonobos founder Andy Dunn said on Thursday he would leave Walmart Inc early 2020, more than two years after the world's largest retailer bought his online menswear brand.
The departure was announced via a LinkedIn post titled "A Love Letter to Walmart." He did not provide details on his future plans.
"Andy will remain onboard through January and will work closely with Merchandising and brand leadership to ensure a smooth and successful transition," a Walmart spokeswoman told Reuters.
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 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.
(Reporting by Praveen Paramasivam and Uday Sampath in
Bengaluru; Editing by Shailesh Kuber)
((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 0422;)
Dec 12 (Reuters) - Bonobos founder Andy Dunn said on Thursday he would leave Walmart Inc early 2020, more than two years after the world's largest retailer bought his online menswear brand.
The departure was announced via a LinkedIn post titled "A Love Letter to Walmart." He did not provide details on his future plans.
"Andy will remain onboard through January and will work closely with Merchandising and brand leadership to ensure a smooth and successful transition," a Walmart spokeswoman told Reuters.
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 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.
(Reporting by Praveen Paramasivam and Uday Sampath in
Bengaluru; Editing by Shailesh Kuber)
((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 0422;)