Announced

Destination XL Group to merge with FullBeauty.

Synopsis

Destination XL Group, an integrated commerce retailer of plus size men’s clothing and footwear, agreed to merge with FullBeauty, a fashion brand specializing in inclusive sizing for both women and men. Financial terms are not disclosed. “Together with FullBeauty, we will be better able to serve our customers across the plus-size and Big + Tall apparel market, providing them more brands, more styles and more options whether they shop in stores or online through our powerful omni-channel platform. Our shareholders will benefit from the upside potential of our large, combined company as we capture growth opportunities, leverage our Fit expertise, execute on cost synergies and use our enhanced financial position to invest in our business," Harvey Kanter, DXL President and CEO.

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