• BusinessInsider reports that Walmart has held acquisition talks with startup Away Luggage, though it is unknown whether the negotiations are continuing.
However, the story says, Walmart’s interest in the company seems to be inline with its desire to appeal “to a higher-end, urban shopper. To do so, it's made a number of acquisitions in the last several years, including e-commerce company Jet.com, women's indie clothing brand ModCloth, and men's clothing company Bonobos. Just last week, the company announced that it had bought up plus-sized women's brand Eloquii.”
However, the story says, Walmart’s interest in the company seems to be inline with its desire to appeal “to a higher-end, urban shopper. To do so, it's made a number of acquisitions in the last several years, including e-commerce company Jet.com, women's indie clothing brand ModCloth, and men's clothing company Bonobos. Just last week, the company announced that it had bought up plus-sized women's brand Eloquii.”
- KC's View:
