Digital Brands Group enacts reverse stock split, gas prices up again
Friday, July 31, 2026
"From the very beginning Gary Broidis has been the consummate professional. From appropriating valuing the office building we were selling, through the marketing process, negotiations, right through closing, we knew that Gary had our back. There is no question that we would use Gary when we have an opportunity to either buy or sell properties in the future. I want to publicly thank him for his superior efforts on our behalf."
Larry Feldman
CEO
Subway of South Florida
"I have worked with Gary Broidis on many transactions when Gary was representing my national retail tenant company in its expansion in South Florida as well as when I have represented the Landlord while he was representing the Tenant. In all of these transactions, Gary was consistently professional, knowledgeable and always maintained the highest level of integrity. Additionally, his diligence and innate ability to consummate a real estate transaction is a rare and unique combination. It is for these reasons, that I would recommend Gary and Atlantic Commercial Group to represent me, my company or anyone seeking a dedicated and well respected professional in the commercial real estate business."
"Gary and his company, Atlantic Commercial Group, Inc., have represented our company for over 10 years with respect to our office buildings in Boca Raton. During that time, they have been instrumental in facilitating the timely completion of any leasing transactions they have secured for our company. Gary's thorough understanding of marketing combined with his effective and personable style of communication, has enabled our buildings, even during the most difficult times, to maintain an above average level of occupancy. Gary has consistently brought qualified tenants and has negotiated deals that are beneficial to both Landlord and tenant. We are very pleased with his marketing and negotiation efforts. Whenever we are given an opportunity to recommend a real estate professional, Gary is always a top consideration. It is very rare to find someone with such a broad understanding of the market along with such marketing savvy, the ability to close transactions and excellent reputation among his peers."
“Simply Fashion has over 300 stores is rapidly expanding thanks to Gary and his company, Atlantic Commercial Group, Inc. We have added 9 locations in the South Florida market in the last 13 months all based on Gary’s enthusiastic outlook and diligent hard work! We are very pleased and impressed with his marketing and negotiation skills. He is one of the most knowledgeable people we know for the South Florida market, when you drive down a street he either has already worked on a project for a center or knows who owns it and can immediately use his blackberry phone to make the call that gets positive things happening. We look forward to a long and mutually beneficial relationship with Gary and his team for many years to come and would recommend him to anyone wanting to grow and expand!”
"I met Gary many years ago and have had the pleasure of working with him on a number of real estate transactions since then. He is very knowledgeable about real estate matters and the many ancillary issues that purchasers, sellers, tenants and landlords encounter in their real estate dealings and operations. I admire his integrity, his communication skills and how he treats his clients. I highly recommend Gary and his firm for real estate advice and services."
"I have been doing business with Gary Broidis for almost a decade now serving both the Landlord and Tenant disciplines. Gary is a pleasure to work with. His affable deal making style along with consummate professionalism have positioned him as one of Florida’s leading brokers. Coupled with the overall market savvy and deal experience at Atlantic Commercial Group, you are best served by him."
"Sometimes, it is important for me to know my limits. I know that I don't know the everyday ins and outs of commercial real estate. Just because I am a lawyer and know how to read a lease does not mean that I know what to look to include. Frankly, Gary, you saved a great bundle for me that I never would have thought to include, delete, or bargain. You truly know your stuff. I was more than impressed, but grateful."
"It is my extreme pleasure to write this testimonial letter for Gary Broidis. Our CPA firm has served as his accountants for the past fifteen years, providing both personal and business accounting and tax services. As such, I have gained a tremendous amount of respect for his knowledge and managerial abilities as a commercial real estate broker, and businessman. He has a keen understanding of the real estate industry, mortgage and equity financing, and has developed management techniques, and marketing procedures that have produced extremely favorable results. In my opinion Mr. Broidis is confident in his abilities, is professional, is financially responsible, and operates with the highest degree of ethics and trustworthiness. He is a person who knows how to keep an agreement, and has gained the respect of those who work for him and with him."
"I highly recommend Gary Broidis due to his tireless work ethic, knowledge of the real estate market and efficiency. He is most certainly a leader in his profession and my experience with him was outstanding from the onset."
"Gary was great to work with. He knows the area inside and out and helped us to find just what we needed for our practice. After helping us to get the right price, and even well after closing he stayed in contact offering his help in any way we needed."
"Gary Broidis of Atlantic Commercial Group was our broker in securing a tenant and facilitating a lease agreement for our office building. Mr. Broidis was very professional and enabled clear communications between us and potential tenants. Mr. Broidis’ knowledge of the market and various types of contractual agreements and enabled us to carry on our negotiations in the most expeditious manner."
“Since 2003, Atlantic Commercial Group has handled the office and retail leasing for many of our South Florida properties. During the past seven years, their market knowledge and diligence have proven an invaluable resource in our efforts to lease up space within the assets we re-positioned. Their efforts included the introduction of our properties to many national retailers as well as local merchants creating a viable tenant mix and improving NOI. In addition, they successfully renewed many of our existing tenants maintaining stability within the portfolio. I recommend Atlantic Commercial Group to property owners with holdings in the South Florida market.”
Digital Brands Group Inc. (NASDAQ: DBGI) announced a 1-for-40 reverse stock split of its common stock, effective July 24, 2026, at 12:01 a.m. Eastern Time, designed to raise the closing bid price of the company's stock above the $1.00 mark required for continued Nasdaq listing compliance. The stock currently trades at $0.64, down 93.56% over the past year, highlighting the urgency of the compliance measure. The reverse stock split will reduce outstanding common stock from approximately 23 million shares to approximately 575,000 shares, with every 40 shares of common stock automatically reclassified into one new share. In response to shareholder concerns, Digital Brands Group canceled 7.1 million pre-funded warrants and saw the expiration of 9.6 million cash warrants, eliminating a total of 16.7 million warrants.
The Trump administration imposed new tariffs of 10% to 12.5% on 60 U.S. trade partners, citing their alleged "failure to impose and effectively enforce" bans on forced-labor practices in trade with the U.S. The new tariffs took effect at 12:01 a.m. Friday, effectively replacing Trump's temporary 10% global tariffs that expired at the same time. The 60 affected countries account for 99% of U.S. imports, with tariff rates tiered at 10% for countries that adopted at least some forced-labor restrictions and 12.5% for those that have not. The administration used Section 301 of the Trade Act of 1974 for legal authority, a slower and more procedural approach requiring formal investigation, public comment, and official findings before tariffs can be imposed, in contrast to the Supreme Court-rejected International Emergency Economic Powers Act that previously allowed near-overnight tariff implementation.
KFC permanently closed at least 312 restaurants across the United States between July 15, 2025, and July 6, 2026, representing 7.64% of the chain's over 4,000 locations, according to Local Falcon's analysis comparing KFC's official store directory with Google Maps data. Kansas experienced the largest percentage decline with 21.1% of its KFC restaurants closing, followed by Louisiana at 16.1%, Alabama at 13.4%, and Tennessee at 13.3%. California saw the most closures in raw numbers with 44 locations marked permanently closed, followed by Texas at 34 and Ohio at 18, with California and Texas combined accounting for a quarter of the national total. The closures, averaging roughly six restaurants weekly, reflect broader challenges facing quick-service restaurants as consumers reduce discretionary dining and demand better value, quality, and relevance from restaurant brands.