DXL board turns against FullBeauty merger, urges stockholder no vote

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Destination XL Group, Inc. Files Preliminary Proxy Statement With Respect to FullBeauty Merger

July 20, 2026 7:00 AM EDT

Encourages Stockholders to Read Updated Board Recommendation on Pending Merger with FullBeauty Brands

CANTON, Mass., July 20, 2026 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (DXL) (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall mens clothing and shoes, today announced that it has filed its preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC) in connection with its previously announced transaction with FBB Holdings I, Inc. ("FullBeauty").

As described in the preliminary proxy statement, the DXL Board of Directors (DXL Board) has continued to evaluate the... More