DBG Announces Launch of AVO, A New Direct-To-Consumer Brand, After Successful Beta Test
Digital Brands Group, Inc. (DBGI)
Company Research
Source: GlobeNewswire
Austin, TX, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces the launch of AVO a new direct-to-consumer (DTC) brand (https://shopavo.la/). As other premium brands have increased retail prices due to inflation, the Company believes an opportunity has opened to deliver premium apparel at lower prices by pursuing a DTC model that also provides significant discounts for bundling multiple products. This new model creates a value proposition in the premium segment, similar to how fast fashion created a value proposition in the mass market segment. AVO was created to take advantage of this new opportunity. This market opportunity sits between the price points of fast fashion and other premium apparel. Our high-quality garments are handmade in Los Angeles using premium fabrics and quality craftsmanship, and then sold at price points that are closer to fast fashion prices. In short, qua
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DBGI
News
- Digital Brands Group, Inc. (DBGI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Digital Brands Group GAAP EPS of -$2.08, revenue of $3.4M [Seeking Alpha]Seeking Alpha
- Digital Brands Group Reports Second Quarter 2024 Financial ResultsGlobeNewswire
- Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024 [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group to Report Second Quarter 2024 Financial Results on Monday, August 19, 2024GlobeNewswire
DBGI
Sec Filings
- 9/11/24 - Form S-1
- 9/4/24 - Form 424B3
- 9/4/24 - Form 8-K
- DBGI's page on the SEC website