Destination XL, FullBeauty merge to offer inclusive apparel at scale

Hannah Abdulla

Tue, December 16, 2025 astatine 5:47 AM CST 2 min read

The combined company, formed arsenic a effect of the merger betwixt Destination XL and FullBeauty, volition unite complementary brands, channels, and capabilities to amended service plus-size women and Big + Tall men arsenic a larger, stronger and much flexible nationalist institution positioned for semipermanent growth.

The 2 accidental that together, Destination XL and FullBeauty volition beryllium a person successful inclusive sizing apparel, with 1 of the industry’s broadest and astir divers portfolios – spanning worth to premium crossed lifestyles and occasions. By leveraging complementary strengths crossed gender, merchandise and channel, the combined institution volition beryllium positioned to accelerate growth, amended operational ratio and present an enhanced lawsuit acquisition done a comprehensive, innovative multi-channel strategy.

The companies delivered combined nett income of astir $1.2bn for the past 12 months ending October 2025. Assuming nary pro forma adjustments, Adjusted EBITDA (a non-GAAP measure) was astir $45m. Including $25m successful expected yearly run-rate outgo synergies, the combined institution would person generated astir $70m of LTM Adjusted EBITDA.

Following the completion of the all-stock transaction, FullBeauty and DXL shareholders volition ain 55% and 45% of the combined company, respectively.

Harvey Kanter, president and CEO of DXL, said: “Together with FullBeauty, we volition beryllium amended capable to service our customers crossed the plus-size and Big + Tall apparel market, providing them much brands, much styles and much options whether they store successful stores oregon online done our almighty omni-channel platform. Our shareholders volition payment from the upside imaginable of our large, combined institution arsenic we seizure maturation opportunities, leverage our Fit expertise, execute connected outgo synergies and usage our enhanced fiscal presumption to put successful our business. We look guardant to moving with FullBeauty and joining our teams to present connected the committedness of this combination.”

“By uniting DXL and FullBeauty we are creating a person successful a fragmented marketplace that volition specify the adjacent decennary of inclusive fashion,” said Jim Fogarty, CEO of FullBeauty and incoming CEO of the combined company. “Together we volition beryllium a almighty motor for innovation — combining information science, integer scale, proprietary acceptable exertion and differentiated store expertise. With our shared values and mission, unthinkable portfolio of brands, complementary capabilities, enhanced fiscal profile, proven grounds of palmy marque integrations and the standard of a larger nationalist company, we expect to present sustainable growth, stronger margins and semipermanent shareholder worth — portion expanding prime for customers successful an apparel class that has historically lacked options.”