Plus-Size Apparel Retailers Set Merger

Two plus-size apparel retailers – one with nearly 300 stores and the other primarily an online enterprise – announced they have entered into a definitive agreement to combine in a merger of equals. The partners are Destination XL (Canton, Mass.), which operates stores under the DXL Big + Tall retail and outlet stores and Casual Male XL banners, and FullBeauty (New York), primarily an online retailer selling merchandise under such brands as OneStopPlus, ellos, Brylane Home and KingSize.

Here’s what the two top executives at the partners have to say about the planned combination:

DXL President and CEO Harvey Kanter: “Together with FullBeauty, we will be better able to serve our customers across the plus-size and Big + Tall apparel market, providing them more brands, more styles and more options whether they shop in stores or online through our powerful omni-channel platform.”

Jim Fogarty, CEO of FullBeauty and incoming CEO of the combined company: “Together we will be a powerful engine for innovation — combining data science, digital scale, proprietary fit technology and differentiated store expertise.”

The transaction has been unanimously approved by the boards of both companies, and is expected to close in the first half of fiscal year 2026, subject to customary closing conditions and approval by DXL shareholders.