DBG news and archive

Digital Brands Group Q3 revenues drop, but losses narrow

For the third quarter ended September 30, 2024, Digital Brands Group (DBG) reported a net revenue of 2.4 million dollars, down from 3.3 million dollars in the year prior. The company cited the dropping of its largest wholesale account as the core driver of this decline, a move that was due to single-digit gross margins and additional expenses....

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Retail

DBG announces plans to open 50 retail stores

Digital Brands Group, Inc. (DBG) has announced plans to open 50 retail stores over the next several years, with the first location slated to open in March. Consisting of a curated collection of luxury lifestyle, digital-first brands, including Sundry, DSTLD, and Harper & Jones, the company aims to fund its retail expansion strategy with its...

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Business

DBG sets out 2023 revenue, EBITDA guidance

Digital Brands Group (DBG) has revealed its revenue and profit targets for 2023. The group, which operates DSTLD, Ace Studios, Bailey 44, Harper & Jones, and Stateside, said it expects revenue of between 45 million dollars and 50 million dollars for the year. It expects EBITDA to come in at between 2 million dollars and 3 million dollars “due to...

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Business

DBG completes acquisition of womenswear brand Sundry

Digital Brands Group (DBG) has announced the completion of its acquisition of women's lifestyle brand Sundry. DBG chief executive Hil Davis said the acquisition is expected to contribute “significant revenue scale and operating leverage”. He said he is excited about the “large opportunity” to expand the brand into other verticals. “We believe...

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Business

Digital Brands Group to buy women's lifestyle brand Sundry

Digital Brands Group (DBG) has signed a definitive agreement to buy women’s lifestyle apparel brand Sundry for an undisclosed sum. The deal is expected to be completed late in the first half of 2022. DBG chief executive Hil Davis described it as a “transformative acquisition” for the group. In the short term, Davis said the acquisition is...