Destination Xl Group, Inc. · NASDAQ:DXLG
Destination Xl — Merger or Acquisition (December 2025)
16 slides from Destination Xl's merger presentation, Dec 11, 2025
Slide 1: Creating a Scaled, Category-Defining Retailer for Inclusive Apparel
CREATING A SCALED, CATEGORY-DEFINING RETAILER FOR INCLUSIVE APPAREL INVESTOR PRESENTATION | DECEMBER 11, 2025 EXHIBIT 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements In addition to historical information, this document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, which
Slide 3: Today's Presenters
Today’s Presenters 3 Jim Fogarty CEO Peter Stratton CFO Destination XL Group (“DXL”) 39+ Years of Industry Experience FullBeauty Brands (“FBB”) 35+ Years of Industry Experience Destination XL Group (“DXL”) 30+ Years of Industry Experience Harvey Kanter CEO & President
Slide 4: DXL + FullBeauty: Creating a Scaled, Category-Defining Retailer for Inclusive Apparel
DXL + FullBeauty: Creating a Scaled, Category-Defining Retailer for Inclusive Apparel Combining FullBeauty’s inclusive women’s brands and KingSize with DXL’s Big + Tall expertise to create a category-defining size-inclusive brand portfolio in North America Building a powerful omni-channel and data-d
Slide 5: Transaction Structure Overview
TIMING & APPROVALS Unanimously approved by the Boards of Directors of both companies Expected to close in first half of 2026 Close subject to customary closing conditions and approval by DXL shareholders CORPORATE LOCATIONS Headquarters to remain in Canton, MA Combined company expects to maintain si
Slide 6: Compelling Strategic and Financial Benefits
Compelling Strategic and Financial Benefits Offering one of the broadest and most diverse portfolios across price points, lifestyles and occasions Serving customers across the plus-size and Big + Tall apparel market Bringing together complementary brands, channels and capabilities to better serve pl
Slide 7: Uniting DXL + FullBeauty: A Complementary Fit
Bringing together complementary brands, channels and capabilities to better serve plus-size women and Big + Tall men Figure reflects LTM October 2025. Breakout was calculated as of the TTM October. Uniting DXL + FullBeauty: A Complementary Fit Big + Tall men’s clothing and footwear specialist Leadin
Slide 8: Serving Customers Across the Plus-Size and Big + Tall Apparel Market
DXL and FBB LTM October 2025 sales splits. Serving Customers Across the Plus-Size and Big + Tall Apparel Market GENDER… ASSORTMENT… …AND CHANNEL BRAND… Combined 1 One of the industry’s broadest and most diverse portfolios to provide customers more brands, more styles and more options 8
Slide 9: Creating One of the Industry's Broadest and Most Diverse Portfolios
NATIONAL BRANDS NEW MALL CLASSIC MALL DXL FullBeauty Brands Note Represents data for FBB. Includes sales from Brylane Home. Creating a One of the Industry’s Broadest and Most Diverse Portfolios DXL’s national brand partnerships (Polo, Reebok, Levi’s, etc.) enhance KingSize and complement FullBeauty’
Slide 10: Scale Matters in Inclusive Sizing Apparel
The combination forms one of the largest omni-channel retailers with increased scale and reach One of the top players by sales and store count, even before realizing commercial synergies or future M&A Despite its scale, the combined entity only captures a portion of a largely untapped market, highli
Slide 11: Building on Each Company's Distinct Capabilities
Building on Each Company's Distinct Capabilities Anticipated EBITDA Impact of Revenue Synergies Strategic initiatives across marketplaces, stores and digital channels create new growth opportunities Marketplaces Private Label Credit Card Print Marketing Universal Cart Infrastructure / New Mall Influ
Slide 12: Combined Core Capabilities: Opportunity to Leverage Growth
COMBINED CORE CAPABILITIES OPPORTUNITY TO LEVERAGE GROWTH ACROSS RETAILER Brick-and-Mortar Expertise DXL’s infrastructure and expertise in store operations enables potential expansion of brick-and-mortar opportunities for the FullBeauty brand portfolio Private Label Credit Card FullBeauty’s existing
Slide 13: Clearly Identified Cost Efficiencies and Synergy Opportunities
Clearly Identified Cost Efficiencies and Synergy Opportunities $25M Organization Consolidation of leadership and corporate overhead redundancies Streamline corporate functions and operating efficiencies COGS Optimize factory base and supplier network on larger scale operation Improve inbound freight
Slide 14: A Retailer Built for Sustainable Growth
One of the Largest Inclusive-Sizing Apparel Retailers A Retailer Built for Sustainable Growth 54% Women’s / 46% Men’s 73% DTC / 27% Brick & Mortar ~$1.2B Combined LTM Net Sales Capital Structure Maintains Future Flexibility And Proper Growth Investments ~$172M Term Loan With Maturity Extension of Tw
Slide 15: DXL + FullBeauty: Creating a Scaled, Category-Defining Retailer for Inclusive Apparel
DXL + FullBeauty: Creating a Scaled, Category-Defining Retailer for Inclusive Apparel Combining FullBeauty’s inclusive women’s brands and KingSize with DXL’s Big + Tall expertise to create a category-defining size-inclusive brand portfolio in North America Building a powerful omni-channel and data-d
Slide 16: Q&A
Q&A
Destination XL Group — Merger or Acquisition (December 2025) on 6ix