Destination XL Group, Inc. Confirms Receipt of Non-Binding Proposal from Fund 1 Investments, LLC

Group 1 - Destination XL Group, Inc. has received a non-binding proposal from Fund 1 Investments, LLC to acquire all outstanding shares of the company [1] - The Board of Directors will review and evaluate the proposal along with other strategic alternatives with the assistance of financial and legal advisors [2] - Guggenheim Securities, LLC is serving as the financial advisor, while Greenberg Traurig, LLP is acting as the legal advisor for the company [2] Group 2 - Destination XL Group, Inc. is a leading retailer specializing in Big + Tall men's apparel, operating DXL Big + Tall and Casual Male XL retail and outlet stores across the United States [3] - The company also offers a multi-channel shopping experience through its e-commerce website DXL.COM and mobile app, providing a wide selection of products for Big + Tall men [3] - Destination XL Group, Inc. is headquartered in Canton, Massachusetts, and its common stock is listed on the Nasdaq Global Market under the symbol "DXLG" [3]