FullBeauty Acquisition | Consumer Deal in MA

Destination XL Group has entered into a merger acquisition with FullBeauty, a consumer other business in Massachusetts, for $1.2 billion. FullBeauty is an inclusive sizing retailer serving plus-size women and Big + Tall men through a broad apparel portfolio spanning value to premium. Destination XL Group operates integrated commerce for Big + Tall men’s clothing and footwear, and the consumer M&A aims to expand inclusive apparel offerings across complementary brands and channels. The merger of equals is positioned as a scaled omni-channel platform with $25 million in annual run-rate cost synergies targeted within 12 months of closing. Consumer deals MA are expected to close after definitive agreement terms, with a joint investor conference call scheduled for 5:00 PM U.S. Eastern Time.