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DBGI acquires Sundry for an undisclosed sum

Jan. 03, 2023 4:59 AM ETDigital Brands Group, Inc. (DBGI) Stock, DBGIW StockBy: Meghavi Singh, SA News Editor
  • Digital Brands (NASDAQ:DBGI) has acquired Sundry for an undisclosed sum.
  • With the move, Sundry has become a wholly owned subsidiary of DBGI.
  • The addition is expected to contribute significant revenue scale and operating leverage.
  • The company will provide annual revenue and earnings guidance in January that will include the revenue and earnings contribution from Sundry.

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