Photo by: BBB/STAR MAX/IPx 2020 10/5/20 Walmart to use drones for deliveries. BBB/STAR MAX/IPxThe age of Mark Lore is over at Walmart. For a while, Walmart’s management was agog to attract millennial customers through specialized retail platforms and a unique approach as they thought such targeted initiatives would be needed to appeal to this audience. Bare Necessities was established in 1998, purchased by Walmart in 2018, and sold in 2020 to Delta Galil. The company was acquired by Walmart in 2017 and sold in October 2020 to CriticalPointCapital, a private equity firm.

Source: Forbes October 16, 2020 11:03 UTC