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Stock impact report

Destination XL Group And FullBeauty To Create $1.2 Billion Merger [Forbes]

Destination XL Group, Inc. (DXLG) 
Last destination xl group, inc. earnings: 8/24 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.destinationxl.com
Company Research Source: Forbes
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%. FullBeauty operates a portfolio of plus-size and inclusive apparel brands across men's and womenswear, including KingSize, Catherines, Eloquii, Roaman's and Dia, alongside its flagship FullBeauty platform. Destination XL is the parent of the DXL Big + Tall and Casual Male XL store chains. Together, the companies say they will serve roughly 34 million customer households and operate close to 300 stores, with direct-to-consumer sales accounting for nearly three-quarters of group revenue. Leadership of the combined business will pass to Jim Fogarty, the current chief executive of FullBeauty, while Destinat Show less Read more
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