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Digital Brands Group is a portfolio of digital-first clothing & lifestyle brands and leverages its tech & marketing platform across brands to drive cost savings & marketing spend. Its first brand, DSTLD, is a Direct2Consumer premium denim brand with over 71,000 customers and $15M+ lifetime sales.
Digital Brands Group (DBG) is a portfolio of digital-first lifestyle brands that share operational, technology, marketing, and data resources. Our strategy is to acquire promising brands; reduce operating costs by 30%+ and drive incremental revenue across all of our resulting customer bases. We expect this to mean lower capital needs, higher operating margins and accelerated revenue growth.
A portfolio of brands meaningfully lowers revenue and cash flow volatility because the company is not dependent on a single brand. Multiple brands also provide a more convenient way for customers to shop and buy all our brands in one location.
Online sales in the United States are expected to reach $523 billion in the next five years, up 56% from $335 billion in 2015. This is driven by customers, who demand a digital first experience. We believe our digital first approach will result in increased market share from traditional physical retailers.
Currently, DBG is comprised of two digitally native brands: 1. DSTLD | Premium Denim + Essentials, and 2. ACE Studios - Luxury Men's Suiting + Menswear, launching Q4 2018. DSTLD has completed two Regulation A+ rounds, raising over $4.6M from more than 3,400 investors. DSTLD was DBG's first portfolio company and we now plan to expand into new brands and markets; including the UK next year.
Disclosure: Company has loans. 2017 Revenue $3.84m Net Loss $3.2m.