M&A Deal Summary |
|
|---|---|
| Date | 2022-01-20 |
| Target | Sundry Clothing |
| Sector | Apparel/Textiles |
| Buyer(s) | Digital Brands Group |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Apparel/Textiles |
| Employees | 56 |
| Revenue | 15M USD (2023) |
Digital Brands Group provides a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. Digital Brands Group created a business model derived from founding as a digitally native-first vertical brand. Digital native first brands are brands founded as e-commerce driven businesses, where online sales constitute a meaningful percentage of net sales, although they often subsequently also expand into wholesale or direct retail channels, Unlike typical e-commerce brands, as a digitally native vertical brand, we control our own distribution, sourcing products directly from our third-party manufacturers and selling directly to the end consumer. Digital Brands Group was founded in 2012 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Apparel/Textiles) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (California) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-15 |
Stateside
Los Angeles, California, United States Stateside is a privately-owned global elevated basics brand. Stateside is a collection of elevated American basics influenced by the evolution of the classic T-Shirt. All garments are designed and produced in Los Angeles from the finest fabrics. All knitting, dyeing, cutting, and sewing are sourced and manufactured locally in Los Angeles. Stateside is based in Los Angeles, California. |
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