FullBeauty and Destination XL Group to Merge in $1.2B Deal

Destination XL Group and FullBeauty have agreed to combine in what the companies described as a “merger of equals”, bringing together a publicly listed bricks-and-mortar retailer with a large private online platform focused on extended sizes.

Under the deal, FullBeauty will be folded into a newly created subsidiary of Destination XL, which will remain the listed entity under the ticker DXLG. Shareholders of FullBeauty will own 55% of the enlarged group, with existing Destination XL investors holding the remaining 45%.

Read more at Forbes