PLBY Group Announces Sale of Yandy
05 Aprile 2023 - 3:00PM
PLBY Group, Inc. (NASDAQ: PLBY) (the “Company” or “PLBY Group”), a
leading pleasure and leisure lifestyle company and owner of
Playboy, one of the most recognizable and iconic brands in the
world, today announced that it has sold its Yandy Enterprises, LLC
subsidiary for $3 million. The sale is a part of the PLBY Group’s
transition to a capital light model that will focus on the
Company’s most valuable brands, Playboy and Honey Birdette.
About PLBY Group, Inc.PLBY
Group, Inc. is a global pleasure and leisure company connecting
consumers with products, content, and experiences that help them
lead more fulfilling lives. PLBY Group’s flagship consumer brand,
Playboy, is one of the most recognizable brands in the world,
driving billions of dollars in global consumer spending with
products and content available in approximately 180 countries. PLBY
Group’s mission — to create a culture where all people can pursue
pleasure — builds upon almost seven decades of creating
groundbreaking media and hospitality experiences and fighting for
cultural progress rooted in the core values of equality, freedom of
expression and the idea that pleasure is a fundamental human
right.
ContactMedia: press@plbygroup.comInvestors:
investors@plbygroup.com
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