Destination XL Group and FullBeauty Brands are merging to create a scaled, category-defining retailer for inclusive apparel.
The merger aims to capture growth opportunities in the underserved inclusive sizing market.
Expected $25 million in annual cost synergies within the first 12 months of closing.
The combined company will enhance its financial position and cash flow generation.
DXL and FullBeauty aim to become a leader in inclusive sizing apparel with a broad portfolio.
Combined Annual Net Sales
Approximately $1.2 billion of combined annual net sales.
Ownership Stake
FullBeauty and DXL shareholders will own 55% and 45% of the combined company, respectively.
Enhanced Customer Experience
The merger will improve operational efficiency and deliver an enhanced customer experience through a comprehensive, innovative multi-channel strategy.
Positioning for Growth
The combined company is positioned to accelerate growth and leverage strengths across gender, product, and channel.
- The merger will create one of the largest omni-channel retailers in the inclusive sizing market.
- Expected annual run-rate cost synergies of $25 million within the first year of closing.
- The combined company would have generated approximately $70 million of LTM Adjusted EBITDA.
- Complementary strengths across brands, channels, and capabilities will drive growth and improve efficiency.
The merger of Destination XL Group and FullBeauty Brands is set to reshape the inclusive apparel market with a focus on growth, operational efficiency, and enhanced customer experience.