PLBY Group news and archive

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...

Business

PLBY Group sells Yandy, refocuses on 'most valuable brands'

Pleasure and leisure lifestyle company PLBY Group has announced the sale of its lingerie and costume retail subsidiary Yandy Enterprises in a three million dollar deal. The decision to offload the retailer comes as the group shifts towards a capital light model, through which it is refocusing on its “most valuable brands”, Playboy and Honey...

Business

PLBY Group names Marc Crossman new CFO and COO

PLBY Group, the pleasure and leisure lifestyle company and owner of Playboy, has announced the appointment of Marc Crossman as its chief operating officer and chief financial officer. Crossman will succeed Lance Barton, who will remain at the company as a strategic advisor to assist with the transition. Crossman joins PLBY from Rizvi Traverse...

BusinessFeatured

PLBY Group and Charactopia Licensing launch Playboy China

PLBY Group, the owner of the Playboy brand, has signed a deal with Charactopia Licensing, a Fung Retailing brand management company, to enter the Chinese market with the launch of a joint venture, Playboy China. The joint venture, valued at 250 million US dollars, will jointly own and operate the Playboy branded consumer products business in...

BusinessFeatured

Lingerie brand Honey Birdette acquired by Playboy owner

Playboy owner PLBY Group has entered into a definitive agreement to acquire luxury lingerie and lifestyle brand Honey Birdette for 333 million US dollars (240 million pounds) in cash and stock. “We are extremely excited to welcome Honey Birdette to PLBY Group,” said the group’s CEO Ben Kohn in a release. “We strongly believe in the power of...