Digital Brands Group Achieves Major Financial Turnaround, Forecasts Positive Cash Flow Starting September
Digital Brands Group, Inc. (“DBG” or the “Company”) (NASDAQ: DBGI),a publicly traded company specializing in apparel and e-commerce, today announced that the Company has achieved a major financial turnaround and forecasts positive cash flow starting September driven by the collegiate program.
"September marks a major financial turning point for us. Our collegiate program is leading the way, and the expanding government contracts will build on that momentum," said Hil Davis, CEO of Digital Brands Group.
About Digital Brands Group, Inc.
Digital Brands Group, Inc. (NASDAQ: DBGI) operates a curated portfolio of luxury and lifestyle apparel brands, leveraging a digitally native e-commerce ecosystem and selective wholesale distribution channels to drive direct-to-consumer scale, sustainable customer acquisition, and long-term brand equity.
