Bonobos news and archive

Express swings to Q2 loss as sales fall

US fashion retailer Express swung to a loss in the second quarter as its sales fell 6 percent. In the three months to July 29, the company made a net loss of 44.1 million dollars, or 11.79 dollars per diluted share, compared to a profit of 7 million dollars, or 2.05 dollars per diluted share, the prior year. That came as net sales fell to 435.3...

Business

Express maintains Q2 sales and EPS outlook

Fashion apparel retailer Express, Inc. expects to report net sales in the range of its previously-announced outlook of 400 million dollars to 450 million dollars, and diluted loss per share of 50 cents to 60 cents. “Net sales for the Express brand improved sequentially throughout the second quarter driven by the corrective actions we have taken...

Business

Bonobos founder to join WHP Global in advisory role

Andy Dunn, the founder of Bonobos, is set to join WHP Global in an advisory role after the brand management firm acquired the menswear fashion brand. Dunn co-founded Bonobos in 2007 and continued to serve as founding CEO over its first 10 years. His appointment at WHP Global closely follows the group’s joint acquisition of Bonobos alongside...

Business

WHP Global closes Bonobos acquisition, EXPR to operate US business

WHP Global has announced the closing of a joint acquisition of the Bonobos brand in a strategic partnership with Express, Inc (EXPR). As part of the transaction, WHP and EXPR have agreed that the latter will gain the right to use the intellectual property for the operation of Bonobos’ US business in a long-term licensing agreement. In a release,...

BusinessFeatured

Express and WHP acquire menswear label Bonobos from Walmart

WHP Global and Express Inc (EXPR) have entered into a definitive agreement with Walmart to acquire menswear brand Bonobos for a combined purchase price of 75 million dollars. The company said in a release that WHP Global will acquire the Bonobos brand for a purchase price of 50 million dollars, while EXPR will acquire the operating assets and...

Retail

Bonobos launches Bonobos Fielder

Bonobos has launched Bonobos Fielder, a brand extension of “streetleisure” styles offered at an accessible price point marketed toward Gen Z. Bonobos Fielder fuses the current trend of athleisure and gorpcore by infusing them with streetwear influences, creating what Bonobos now defines as "streetleisure" category on the map. "Bonobos at its...

People

Bonobos CEO resigns

Micky Onvural has stepped down as CEO of Bonobos. The CEO took to LinkedIn to reveal that she would be leaving the company to join TIAA, the Teachers Insurance and Annuity Association of America – College Retirement Equities Fund. The organization’s focused on financial services for academic research, medical, cultural, and governmental fields....

People

G-III names Fran Della Badia as AM Retail president

G-III Apparel Group, Ltd. has appointed Fran Della Badia as president of AM Retail Group, Inc. - the retail subsidiary of G-III that operates stores and websites for its DKNY, Wilsons Leather, G.H. Bass and Karl Lagerfeld Paris brands, and stores for the Calvin Klein Performance brand. Della Badia previously worked as CEO of women’s fashion...