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Inclusive Fashion Leader Emerges: DXL + FullBeauty
16 Dec, 2025
Summary
- DXL and FullBeauty merger creates inclusive sizing apparel leader.
- Combined company generated $1.2 billion in net sales.
- FullBeauty shareholders will own 55% of the new entity.
Destination XL and FullBeauty have united, creating a formidable leader in inclusive sizing apparel. This merger combines complementary brands and capabilities, aiming to better serve plus-size women and Big + Tall men as a larger, more flexible public company poised for sustained growth.
The newly formed entity projects significant financial strength, reporting combined net sales of approximately $1.2 billion for the twelve months ending October 2025. Anticipated annual run-rate cost synergies of $25 million are expected to boost LTM Adjusted EBITDA to roughly $70 million.
Following the all-stock transaction, FullBeauty shareholders will own 55% of the combined company, with DXL shareholders holding 45%. This strategic union is set to drive innovation, expand customer choice, and deliver enhanced shareholder value in the evolving inclusive fashion market.
