In a statement, Kohn said, “Today is a very big day for all of us at Playboy and for all our partners globally…We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities.”
“Playboy today is a highly profitable commerce business with a total addressable market projected in the trillions of dollars,” he added.
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