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Dbgi Announces Definitive Agreement To Acquire Sundry

PUBLIC · DBGIJan 20, 2022

Acquiring Company

Digital Brands Group

Acquired Company

Sundry

AustinInformation TechnologyCommerce and ShoppingShopping

Description

Digital Brands Group, Inc. ("we", "us" or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has signed a definitive merger agreement to acquire Sundry, a privately-owned global lifestyle apparel brand. The transaction is expected to be completed late in the first half of 2022, subject to customary closing conditions and financing.

Quick answer

Digital Brands Group is acquiring Sundry, announced January 20, 2022. Digital Brands Group is based in Austin, Texas, United States.

How much did Digital Brands Group pay for Sundry?
The deal value was not disclosed.
What does Digital Brands Group do?
Digital Brands Group is a curated collection of luxury lifestyle, digital-first brands.
Where are Digital Brands Group and Sundry based?
Digital Brands Group is based in Austin, Texas, United States.
Who are the decision-makers at Digital Brands Group?
Fundz holds 1 contact at Digital Brands Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Digital Brands Group

Location

1400 Lavaca Street

Austin, Texas, United States

About

Digital Brands Group is a curated collection of luxury lifestyle, digital-first brands. We bring together like-minded direct-to-consumer names under one portfolio to share operational, infrastructure, and data resources as means to drive down redundant fixed costs that are difficult to establish and expensive to maintain. By eliminating demanding administrative responsibilities for our brands, we stimulate creativity, innovation, and a maniacal commitment to the product and customer experience.

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Frequently asked

Who acquired Sundry?

Sundry was acquired by Digital Brands Group, based in Austin. The deal was reported on January 20, 2022. Digital Brands Group is a curated collection of luxury lifestyle, digital-first brands. Digital Brands Group is publicly traded (DBGI) and operates in Information Technology.

When did Digital Brands Group acquire Sundry?

Digital Brands Group's acquisition of Sundry was reported on January 20, 2022. Digital Brands Group, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sundry do?

Coastal casual with a certain French chic, Sundry believes color, quality and the softest of fabrics keep one in great spirits. Discover tees, dresses, pants, sweaters and more, all designed with love. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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