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March 16, 2017 04:45 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rQX7ZJfgrm4/
Walmart subsidiary Jet.com to buy ModCloth for less than $75m
Online fashion retailer ModCloth, known for its vintage-inspired and indie apparel, is on the verge ofbeing acquired by Walmart, by way of its subsidiary, Jet.com. The deal, which had already been rumored, is almost finalized andwill fetch a price tag between $50 million and $75 million, sources tell TechCrunch. This is a disappointing outcome for ModCloth, which had raised $78… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/rQX7ZJfgrm4/
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