Destination XL gets offer to go private

Quick Summary:

The big and tall men’s apparel retailer “would be far better served” as a private company, Fund 1 says.

Destination XL was experiencing financial hardships when Kanter joined the company in 2019, and hit further problems during the early days of the pandemic.

Should DXL accept the offer, Fund 1 Investments said the deal would be structured as a merger and that it would work with the retailer on a go-forward business plan focused on operations and growth.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Million Company Fund Stores Group Sales Retailer Destination Tall Apparel Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 13:28:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 695 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24678379

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Official Website: retaildive.com

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Headquarters: United States

News Last Updated: 1 days ago

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