Digital Brands Group
Coverage of Digital Brands Group in the Nexus archive.
- CEO says doing business in state ‘sucks’ as company heads to Texas amid California exodus
CEO Hil Davis criticized doing business in California due to high costs and regulations, prompting his company, Digital Brands Group, to relocate its headquarters from Vernon to Round Rock, Texas. This move coincides with concerns over California's taxes and the state experiencing significant taxpayer losses, such as those recorded by Los Angeles County.
- CEO says doing business in state ‘sucks’ as company heads to Texas amid California exodus
Hil Davis, CEO of Digital Brands Group, relocated the company's headquarters from California to Round Rock, Texas, citing high costs, taxes, and regulations in California. This move occurs amid a debate over a proposed one-time billionaire tax on wealthy Californians, as the state records significant losses of taxpayers moving elsewhere. The article notes that these departures shrink the local tax base for public services.