Destination XL, FullBeauty merge to offer inclusive apparel at scale

Core Viewpoint - The merger between Destination XL and FullBeauty aims to create a stronger entity focused on serving plus-size women and Big + Tall men, enhancing long-term growth potential [1] Company Overview - The combined company will lead in inclusive sizing apparel, offering one of the industry's most diverse portfolios that spans from value to premium products across various lifestyles and occasions [2] - The merger is expected to leverage complementary strengths across gender, product, and channel to accelerate growth and improve operational efficiency [2] Financial Performance - The combined net sales for the last twelve months ending October 2025 were approximately $1.2 billion, with an Adjusted EBITDA of around $45 million [3] - Including expected annual run-rate cost synergies of $25 million, the combined company would have generated approximately $70 million of LTM Adjusted EBITDA [3] Shareholder Structure - Post-merger, FullBeauty and DXL shareholders will own 55% and 45% of the combined company, respectively [3] Leadership Insights - The CEO of DXL emphasized the enhanced ability to serve customers through a powerful omni-channel platform, capturing growth opportunities and leveraging cost synergies [4] - The incoming CEO of the combined company highlighted the creation of a leader in a fragmented market, focusing on innovation through data science, digital scale, and proprietary fit technology [4]