Digital Brands Group(DBGI) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Digital Brands Group Reports Second Quarter 2024 Financial Results Austin, TX— Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its second quarter ended June 30, 2024. "The company paid off over $5.0 million in debt and other liabilities during the first half of this year. The Company also lowered its G&A expenses by $4.5 million during the same period. Based on conversations with strategic pa ...