Digital Brands Group Inc

Digital Brands Group, Inc. engages in the manufacture and sale of apparel. It operates through the following segments: DSTLD, Bailey, Harper & Jones, and Stateside. The DSTLD segment offers stylish high-quality garments without the luxury retail markup valuing customer experience over label. The Bailey segment combines beautiful, luxe fabrics, and on-trend designs to create sophisticated ready-to-wear capsules for women on-the-go. The Harper & Jones segment provides hand- crafted custom fit suits. The Stateside segment includes classic t-shirt offering. The company was founded by Corey Epstein, Mark T. Lynn, and Kevin Morris on September 17, 2012 and is headquartered in Austin, TX.

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Digital Brands Group Inc reports improved margins and strategic growth plans

Digital Brands Group Inc's Q1 2024 performance showcased improved gross margin profitability and effective cost management, despite revenue challenges from shipment delays.
The company's strategic focus on operational enhancements, expansion plans, and shareholder value optimization positions it for future growth and profitability.
While facing short-term revenue constraints and operational challenges, Digital Brands Group Inc remains optimistic about achieving positive net operating income and navigating market dynamics.

Digital Brands Group Inc reports revenue growth and cost efficiencies

DBGI's Q3 performance focused on revenue growth and cost management, with strategic partnerships driving improvements in digital revenues and operational efficiency.
While facing challenges in gross margins and net loss, the company's strengths lie in reducing expenses, clearing debt, and positioning for future growth opportunities.
Opportunities in expanding marketing channels and leveraging partnerships underscore DBGI's potential for sustained growth and profitability in the coming quarters.

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Digital Brands Group, Inc. engages in the manufacture and sale of apparel. Its portfolio brands include Bailey 44, DSTLD, Harper and Jones, Stateside, and Sundry. The company was founded by Corey Epstein, Mark T. Lynn, and Kevin Morris on September 17, 2012 and is headquartered in Austin, TX.

AUSTIN, Texas, June 15, 2021 /PRNewswire/ -- DBG, Inc (NASDAQ: DBGI), a digitally first portfolio company, today announced that it has signed a non-binding letter of intent to acquire Stateside, a privately-owned global elevated basics brand. The parties intend to enter into a binding agreement within the next thirty days, with the closing envisaged in the third quarter of 2021.

Digital Brands Group Announces LOI to Acquire Elevated Basics Brand Stateside

Digital Brands Group, Inc.'s digital consumer-focused approach to high-fashion is changing the way bespoke apparel gets sold. Its completed $10 million IPO could create a mega-brand juggernaut, says Soulstring Media.Miami Beach, Florida--(Newsfile Corp. - June 1, 2021) - Digital Brands Group, Inc. (NASDAQ: DBGI) is on a mission to change the way high fashion apparel gets sold. Better still, they believe they have a strategy in place that will not only create an apparel company juggernaut but, with innovation and technology added to the mix, will maximize profits for its shareholders through a low overhead, high margin business model. As a publicly traded company,...

Digital Brands Group, Inc. Poised To Create An Apparel Company Juggernaut

LOS ANGELES, May 25, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (NASDAQ: DBGI) ("Digital Brands" or the "Company"), is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, May 26, 2021. The next Emerging Growth Conference is presenting on May 26, 2021.

Digital Brands Group to Present at the Emerging Growth Conference on Wednesday, May 26, 2021

LOS ANGELES, May 18, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (NASDAQ: DBGI) ("Digital Brands" or the "Company"), today announced the closing of a firm underwritten public offering of 2,409,639 shares of common stock and warrants to purchase 2,771,084 shares of common stock (which includes warrants to purchase 361,445 shares of common stock pursuant to the partial exercise by the underwriters of their over-allotment option) at a combined public offering price of $4.15 per share and warrant for aggregate gross proceeds of approximately $10.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters' option to purchase any additional securities as described herein. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 361,445 shares and 361,445 warrants at the public offering price less the underwriting discounts and commissions.

Digital Brands Group, Inc. Announces Closing of $10.0 Million Initial Public Offering and Harper & Jones, LLC Acquisition

LOS ANGELES, May 13, 2021 /PRNewswire/ -- Digital Brands Group, Inc. (NASDAQ: DBGI) ("Digital Brands" or the "Company"), today announced the pricing of a firm underwritten public offering of 2,409,639 shares of common stock and warrants to purchase 2,409,639 shares of common stock at a combined public offering price of $4.15 per share and warrant for aggregate gross proceeds of approximately $10.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters' option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 361,445 shares and 361,445 warrants at the public offering price less the underwriting discounts and commissions.

Digital Brands Group, Inc. Announces Pricing of $10.0 Million Initial Public Offering and Nasdaq Listing

News for Digital Brands Group Inc Stock (DBGI)