Merger Announcement with FullBeauty
DXL and FullBeauty announced a merger agreement, creating a scaled category-defining retailer for inclusive apparel. The merger is expected to generate $25 million in run rate annual cost synergies by 2027.
Combined Company Financial Strength
The combined company will be larger, stronger, and more flexible with approximately $1.2 billion in combined net sales and expected adjusted EBITDA of $70 million with synergies.
Focus on Innovation and Customer Experience
The merger will leverage data science, digital scale, and proprietary fit technology to deliver high-quality products and enhanced customer experience.
Strong Free Cash Flow and Balance Sheet
FullBeauty is a high cash flow generator, and DXL maintains a strong balance sheet with no outstanding debt and $27 million in cash and short-term investments.