/Companies

Bonobos Official

Acquired

New York, US · 504 employees on LinkedIn · 8 known investors

Find your way into Bonobos Official

532 people in our graph share verified history with the Bonobos Official team — schools, employers, funds. One of them is your warm intro.

Liz Hartleyunlockedknows Andy Dunn · together at Red Swan Ventures (overlapped)
×3knows the team · via Red Swan Ventures
knows the team · via Monica + Andy
×7knows the team · via Walmart

Bonobos is an online menswear retailer offering clothing and accessories direct to consumers.

Also known as Bonobos · BONOBOS®

Founders & leadership

ADAndy Dunn
Andy DunnFounderAndy Dunn is the founder of Bonobos, an online menswear retailer selling clothing and accessories direct to consumers. He also serves as chairman of Monica + Andy and, through Red Swan, has invested in around 150 companies, including 11 unicorns.

Investors · 8

Reported raises · per SEC filings

Form D private placements

$63M disclosed across 2 rounds · 2012–2014

▶$55MraisedAug 2014 · 17 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • Chris TraversExecutive Officer
  • Jeremy LiewDirector
  • Andrew DunnExecutive Officer, Director
  • Joel PetersonDirector
  • David CoppelDirector
  • Charles HeilbronnDirector
  • Sameer GandhiDirector
  • Kirsten GreenDirector
Offering amount
$55M
Amount sold
$55M
First sale
May 2014
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$8MraisedJan 2012 · 6 investors · Retailing
Rule 506(b)
Officers, directors & promoters on the filing
  • COLIN EVANSDirector
  • SAMEER GANDHIDirector
  • JOEL PETERSONDirector
  • JEREMY LIEWDirector
  • ANDREW DUNNExecutive Officer, Director
Offering amount
$15M
Amount sold
$8M
First sale
Jan 2012
Incorporated
Corporation, Delaware, 2007
Federal exemptions
06
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Bonobos is a direct-to-consumer menswear brand that launched in 2007 with the stated goal of helping men find better-fitting clothes, using fit guides and marketing that promised to eliminate "khaki diaper butt." The brand became known for tailored menswear, particularly khakis, sold primarily online and supported by a network of physical locations the company calls "Guideshops," where customers can try on products but place orders online.

The brand has changed hands repeatedly. Walmart acquired Bonobos in 2017 for $310 million as part of Marc Lore's initiative, following Walmart's 2016 purchase of Jet.com, to add premium digital-native brands to its portfolio and compete with Amazon. Under Walmart, Bonobos operated independently alongside other acquired digitally-native brands such as ModCloth and Eloquii; its products were never sold through Walmart's website. In 2023 the brand was sold to WHP Global and Express, Inc. WHP Global acquired the Bonobos brand intellectual property and licensed it exclusively and long-term to Express for operation of the Bonobos business in the United States, while Express acquired the operating assets and assumed related liabilities. Shortly after the transaction, Express filed for Chapter 11 bankruptcy, again raising questions about the brand's ownership and future; as of the April 2024 bankruptcy filing, Bonobos stores were reported to be unaffected while Express planned to close 95 Express stores and all UpWest stores.

Founding story

Bonobos launched in 2007, co-founded by Andy Dunn, with the goal of helping men find better-fitting clothes with the help of fit guides.

Business model

Direct-to-consumer sale of men's clothing and accessories, primarily online, supplemented by Guideshop retail locations where customers try on products and place orders online, plus wholesale partnerships added over time. Following the 2023 transaction, the brand's intellectual property is owned by WHP Global and licensed to Express, Inc., which operates the U.S. business.

Product sales of men's clothing and accessories through e-commerce, Guideshops, and wholesale channels.

Traction

Reported to be on track for approximately $150 million in sales in 2017. Express indicated Bonobos was on track for $125-150 million in revenue across the second through fourth quarters of 2023, implying annual revenue of roughly $200 million; Bonobos contributed $52.1 million in sales to Express in the third quarter of 2023. Guideshop count grew from about 35 to more than 60 under Walmart ownership.

Latest developments

In May 2023 WHP Global closed the joint acquisition of the Bonobos brand with Express, Inc., licensing the IP exclusively to Express for U.S. operations. In April 2024 Express filed for Chapter 11 bankruptcy; its announced store closures covered 95 Express stores and all UpWest stores, with Bonobos stores reported as unaffected. Coverage in September 2024 described Bonobos as facing another ownership change, with its future under Express's bankruptcy proceedings uncertain.

▸Full profile — market position, go-to-market, geography, history, risks & controversies

Market position

Positioned as a premium, digitally-native men's apparel brand. Analysts cited in coverage said Bonobos remains relevant but niche, and that it did not adapt well to the casualization of the men's apparel market; its ~$200 million estimated annual revenue in 2023 compares with the $310 million Walmart paid in 2017.

Go-to-market

Online direct sales combined with Guideshop physical locations, wholesale partnerships, and marketing spanning Facebook advertising, television campaigns (including a 2021 "back to business" campaign and a 2022 campaign featuring comedian Nick Kroll), and offline tactics such as a college campus tour. Analysts quoted in coverage said the brand under-invested in new customer acquisition and remained reliant on a loyal, niche customer base.

Men seeking better-fitting tailored apparel, described as a premium, fashion-forward and loyal niche customer base.

Geography

Headquartered in New York; the Bonobos business is operated in the United States under license by Express, Inc., with a network of more than 60 Guideshop retail locations reported under Walmart ownership.

History

Bonobos launched in 2007, co-founded by Andy Dunn, focused on better-fitting men's clothing. Walmart acquired the company in 2017 for $310 million, when Bonobos was reportedly on track for about $150 million in sales. Under Walmart, Bonobos grew from roughly 35 Guideshops to more than 60, but also underwent a round of layoffs in 2019 amid cost-cutting across Walmart's digitally-native brand portfolio. In 2023 Walmart sold Bonobos to Express, Inc. and WHP Global for a combined $75 million; WHP Global announced the closing of the brand acquisition on May 24, 2023. Express filed for Chapter 11 bankruptcy in April 2024, placing the brand's ownership in question again. The brand has gone through numerous leadership changes over the six years following the Walmart acquisition.

Risks & controversies

The brand's operator, Express, Inc., filed for Chapter 11 bankruptcy shortly after acquiring the Bonobos operating assets, creating uncertainty about ownership and future strategy. Bonobos was sold by Walmart for a small fraction of its 2017 purchase price. Under Walmart, the brand experienced layoffs in 2019, repeated leadership changes, and, per analysts, no clear long-term growth strategy under corporate ownership. Some long-time customers accused the brand of "selling out" after the Walmart acquisition, and pandemic-era work-from-home trends weighed on demand for its fitted workwear.

Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual revenue (reported on track)Jan 2017$150M
Brand acquisition price paid by WHP GlobalJan 2023$50M
Estimated annual revenueJan 2023$200M
Guideshop retail locationsJan 202360 locations
Operating assets purchase price paid by ExpressJan 2023$25M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 5

J.Crew GroupJ.Crew operates a fashion and apparel retail business offering clothing, accessories, and related products through physical stores and online channels. The company serves consumers seeking contemporary casual and professional wear.
Dillard'SDillard's is a department store retailer offering clothing, accessories, beauty, and home goods across the United States.
GqGQ is a global men's fashion and lifestyle media brand that publishes award-winning journalism, photography, and cultural commentary across print, digital, video, and social platforms. The publication serves culturally curious, globally aware consumers interested in fashion, style, grooming, wellness, and culture across 21 markets and six continents.
Dicks Sporting GoodsDick's Sporting Goods operates a network of sporting goods retail stores under the Dick's Sporting Goods, Golf Galaxy, Public Lands, and Going Going Gone! banners, along with experiential concepts like Dick's House of Sport and Golf Galaxy Performance Center, selling equipment, apparel, footwear and accessories to athletic customers across the United States; the company also owns and operates Foot Locker, a global footwear and apparel retailer with multiple banners serving sneaker enthusiasts across North America, Europe, Asia and Australia, and owns GameChanger, a mobile platform for youth sports live streaming and team management.
American Eagle OutfittersAmerican Eagle Outfitters is a global specialty retailer offering clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company operates physical stores across multiple countries and online channels serving consumers worldwide.

Companies working in the same space as Bonobos Official.

Timeline · 4

launches, deals, and filings
Apr 2024
Express files for Chapter 11 bankruptcy, affecting Bonobos

Express, which operates Bonobos, filed for Chapter 11 bankruptcy and announced plans to close 95 Express stores and all UpWest stores; Bonobos stores appeared to remain untouched.

source ↗

May 2023
WHP Global closes acquisition of Bonobos brand in partnership with Express, Inc.

WHP Global announced the closing of the joint acquisition of the Bonobos brand with Express, Inc. (NYSE: EXPR). WHP Global acquired the intellectual property and entered an exclusive long-term license granting Express the right to operate the Bonobos business in the United States. Reported terms: WHP Global paid $50 million for the brand and Express paid $25 million for the operating assets and assumed related liabilities, for a combined $75 million.

$75M source ↗

Jan 2019
Layoffs amid Walmart cost-cutting

Bonobos went through a round of layoffs in 2019 as Walmart shifted focus to cost-cutting across its digitally-native brands.

source ↗

Jan 2017
Walmart acquires Bonobos for $310 million

Walmart acquired Bonobos for $310 million as part of Marc Lore's strategy to add premium digital-native brands to Walmart's e-commerce portfolio.

$310M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 4

primary sources listed

4 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bonobos Official do?
Direct-to-consumer menswear brand, acquired by Walmart in 2017 and sold to WHP Global and Express in 2023.
Who founded Bonobos Official?
Bonobos Official was founded by Andy Dunn.
Who are Bonobos Official's investors?
Bonobos Official's investors include Accel, Corazon Capital, Cota Capital, Felicis Ventures, Glynn Capital Management, Lightspeed Venture Partners, Peterson Ventures, Top Corner Capital.
How much funding has Bonobos Official raised?
Bonobos Official has disclosed $63M raised across 2 rounds.
Where is Bonobos Official headquartered?
Bonobos Official is headquartered in New York, US.