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PLBY Group sells Lovers business for 13.5 million dollars

Pleasure and lifestyle company PLBY Group has announced that it has entered into a “definitive agreement” to sell its sexual wellness retailer Lovers for a purchase price of around 13.5 million dollars. The subsidiary has been snapped up by LV Holding, a third-party unaffiliated with PLBY Group, with the sale expected to close in the fourth...