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 of being acquired by Walmart, by way of its subsidiary, Jet.com. The deal, which had already been rumored, is almost finalized and will 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 More


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