Core Insights - Playboy, Inc. has appointed David Miller as President, Media & Brand to drive the next phase of the Company's growth strategy [1][4] - Miller's extensive experience includes leadership roles at The Walt Disney Company and AOL, where he significantly expanded digital media operations [2][3] - The appointment is part of Playboy's broader strategy to enhance its media and licensing operations, aiming for sustainable and profitable growth [5][6] Company Overview - Playboy is a global pleasure and leisure company known for its iconic brand, pursuing an asset-light model across various sectors including licensing and digital content [7] - The Company aims to leverage its intellectual property to enhance consumer experiences and drive revenue growth [7] Leadership and Strategy - David Miller's role will focus on scaling Playboy's media business and licensing operations, utilizing his expertise to accelerate revenue and brand reach [4] - CEO Ben Kohn emphasized that Miller's appointment allows for a more aggressive execution of growth strategies, including new membership clubs and original programming [5][6] - The leadership team believes that the Company is building a diversified, high-margin business with significant upside potential [6]

每经记者｜孙宇婷 每经编辑｜何小桃 文多 美东时间2月9日，一则来自纳斯达克的公告，让那个消失了许久的"兔头"标志重回公众视野——花花公子母公司PLBY集团（NASDAQ：PLBY）宣布， 将中国业务50%股权出售给其曾经的在华独家总代理——UTG集团。 1.22亿美元的交易额、八年保底分红，但问题是：消费者还认这个logo（标志）吗？ 花花公子公告截图 "70后"的付先生记得，十多年前妻子给他买过一件花花公子POLO衫，那是"粉色的，胸口有个兔头，当时认知度很高，穿起来挺提劲（指彰显实力）"。 他顿了顿说："不过，已经很久没看到有人穿这个牌子了。" 四川服装老板朱伟说得更直接："现在，你根本不知道谁是真的花花公子。拼多多几块钱的内裤（看起来）是它，超市门口花车上大甩卖的箱包（看起 来）也是它。你哪怕卖真的，别人都以为是假的。" 朱伟坦言，这个牌子"乱了，早就不做了"。 曾经的辉煌 花花公子进入中国超过30年。最初的日子，用朱伟的话说，是最"舒服"的年代。 "男装一家（花花公子），女装一家，内衣一家，箱包一家，皮鞋还能分一家。大家互不冲突，各交各的钱。"朱伟向《每日经济新闻》记者回忆说，十多 年前，身边至少有 ...

Exhibit 99.1 Playboy Reports Preliminary Fourth Quarter 2025 Financial Results Q4 2025 Revenues Expected to Increase to Between $34.0 Million and $35.0 Million Net Income Between $2.5 Million and $3.5 Million, as Compared to a Net Loss of $12.5 Million in Q4 2024 Adjusted EBITDA Expected to Grow to Between $6.6 Million and $7.0 Million, as Compared to Loss of $0.1 Million in Q4 2024 LOS ANGELES, February 24, 2026 - Playboy, Inc. (Nasdaq: PLBY) ("Playboy" or the "Company"), a global pleasure and leisure comp ...

Core Insights - Playboy, Inc. expects Q4 2025 revenues to be between $34.0 million and $35.0 million, showing growth from $33.5 million in Q4 2024 [1][6] - The company anticipates a net income of between $2.5 million and $3.5 million, a significant recovery from a net loss of $12.5 million in Q4 2024 [1][6] - Adjusted EBITDA is projected to be between $6.6 million and $7.0 million, compared to a loss of $0.1 million in Q4 2024 [1][6] Financial Performance - Revenue growth is attributed to the strength of the global licensing business, supported by a joint venture with UTG Brands Management Group in China [3][6] - The expected net income includes approximately $1.2 million in transaction costs related to the China licensing joint venture and $0.9 million in litigation costs [6] - The improvement in adjusted EBITDA reflects successful execution of an asset-light strategy and ongoing cost reduction initiatives [6] Management Commentary - The CEO of Playboy highlighted the significant progress in executing the company's strategic transformation, emphasizing revenue growth and strides towards sustainable profitability [3] - The company is focused on leveraging its iconic brand for sustainable, profitable growth as it enters 2026 [4] - Complete financial results for Q4 and fiscal year 2025 are expected to be reported in March 2026 [4]

Financing Dynamics - The outdoor brand "Outopia" has completed a Series B financing round, attracting significant investment from leading capital, validating its positioning in trail running and international team value, and providing ample funds for product development, market expansion, and global layout [1][3] - The AI perfume design platform Osmo has announced a new financing round of $70 million, which will be used to expand its team and continue developing its core AI models [5] Acquisitions & Sales - DSM-Firmenich is set to sell its animal nutrition business to private equity firm CVC, with the animal nutrition and health department expected to generate approximately €3.5 billion in annual sales by 2025 [6][8] - The iconic French children's clothing brand JACADI Paris has been acquired by Blue Water Venture Partners, LLC, with expectations of significant expansion potential in the North American market [9][11] - Playboy (PLBY) has signed a final agreement to sell 50% of its Chinese business to United Trademark Group (UTG) for a total of $122 million, which will allow UTG to fully manage Playboy's operations in China, Hong Kong, and Macau [13] Financial Reports - SKP is projected to see a 15% increase in revenue by 2025, with its flagship Beijing SKP achieving a 6.8% growth to reach ¥23.5 billion [16] - Kering Group reported a 9% decline in revenue for Q4 2025, amounting to €3.91 billion, primarily due to the underperformance of its core brand Gucci and restructuring costs [19] Personnel Dynamics - LVMH has appointed Véronique Courtois as the new CEO of its beauty division and Antoine Arnault has joined the executive committee, indicating a shift towards a more family-centric governance structure [21] - Hugo Boss has appointed Dietmar Knoess as the new Senior Vice President of Global Human Resources, tasked with organizational restructuring amid performance challenges [24] - Saks Global has appointed Cheryl Han as the Chief Marketing and Digital Officer, aiming to enhance digital integration across its brands [27]

Core Viewpoint - Playboy, Inc. has signed a final agreement to sell 50% of its business in China to United Trademark Group (UTG) for a total cash amount of $122 million, aiming to address brand dilution issues and enhance operational management in the region [1][2]. Group 1: Transaction Details - The transaction consists of three parts: $45 million paid over two years for the acquisition of the 50% stake, $67 million as a minimum guaranteed dividend over eight years, and an additional $10 million for brand support over the next three years [1]. - After the transaction, UTG will take over product development, channel expansion, and brand operations in China, while Playboy retains a 50% stake and benefits from guaranteed dividends and additional revenue sharing [1]. Group 2: Background on UTG - UTG, headquartered in Shanghai, manages over 10 international brands, including Jeep and several Italian brands, and has been the exclusive agent for Playboy in mainland China [2]. - This acquisition marks a shift for UTG from being a brand agent to a co-owner of the Playboy brand in China [2]. Group 3: Brand Management Challenges - Playboy's aggressive brand licensing strategy in China has led to brand value dilution, with the company relying heavily on licensing for revenue, which constitutes nearly half of its total income [2][3]. - As of 2023, the brand's revenue share from China has significantly decreased to 9.51%, down from approximately 27% in 2021, indicating a decline in market presence [4].

Core Viewpoint - Playboy, Inc. has engaged MZ Group to enhance its investor relations and financial communications strategy, aiming to increase visibility in the investment community and leverage its 72 years of cultural heritage to build a diversified, high-margin business model focused on licensing, media, and hospitality [1][2]. Group 1: Strategic Initiatives - MZ Group will collaborate with Playboy management to implement a comprehensive capital markets strategy that emphasizes the company's iconic brand and its asset-light business model [2]. - Recent initiatives include selling 50% of its China licensing business, relaunching its magazine, and planning a Miami Beach membership club, all aimed at accelerating growth and revenue [2][4]. Group 2: Market Positioning - Playboy aims to address the content needs of men aged 18 to 44, who are currently underserved by existing media, by providing credible and nuanced discussions around relationships and intimacy [4]. - The company is focusing on high-quality content that resonates with modern audiences, leveraging its brand to reclaim traditional media and expand into digital platforms [4][5]. Group 3: Financial Outlook - Playboy has rebuilt its financial foundation, including a strong balance sheet, and is now focusing on three high-potential verticals to drive growth [4]. - The company plans to integrate physical and digital experiences to convert audience engagement into recurring revenue, alongside opportunities in original TV programming and film [4][5].

Core Viewpoint - Playboy, Inc. has signed a final agreement to sell a 50% stake in its Chinese business to United Trademark Group (UTG) for a total of $122 million, aiming to address brand dilution issues and enhance operational management in the region [2][4]. Group 1: Transaction Details - The agreement includes three payment components: $45 million paid over two years for the stake, $67 million as a minimum guaranteed dividend over eight years, and an additional $10 million for brand support over the next three years [2]. - After the transaction, UTG will take over product development, channel expansion, and brand operations in China, while Playboy retains a 50% stake and guaranteed dividends [2]. Group 2: UTG's Background - UTG, headquartered in Shanghai, is a global consumer brand management group that manages over 10 international brands, including Jeep and several Italian brands [3]. - Previously, UTG was the exclusive agent for the Playboy brand in mainland China and is now transitioning from a brand agent to a co-owner [3]. Group 3: Brand Management Issues - Playboy's aggressive brand licensing strategy in China has led to brand value dilution, with the company relying heavily on licensing for revenue, which constitutes nearly half of its total income [4]. - The brand has been licensed to multiple local companies for over 30 years, covering various product categories, which has contributed to the dilution of its brand value [4][6]. Group 4: Financial Performance - In 2021, the Chinese market accounted for 27% of Playboy's total revenue, second only to the U.S. market at 52%, with approximately 2,500 physical stores and 1,000 online stores in China [5]. - However, by fiscal year 2024, revenue from the Chinese market dropped to $11.04 million, representing only 9.51% of total revenue, indicating a significant decline from its previous high [7].

Core Insights - The article reflects on the current state and future prospects of Playboy, a once-iconic brand, after encountering old copies of the magazine [1] Group 1: Investment Perspective - The investor's strategy involves a balanced portfolio of low-cost funds and individual stocks, with a focus on long-term holding of at least 10 years [2] - Emphasis is placed on understanding market dynamics beyond traditional metrics like P/E ratios, highlighting the importance of demand and supply in stock valuation [2] - The investor aims to predict human behavior and market sentiment, which are seen as critical to understanding stock performance [2] Group 2: Position Disclosure - The investor has established a long position in PLBY, indicating confidence in the company's potential for growth [3] - A small initial investment of less than $5,000 in PLBY was made shortly before the article's publication, with plans to adjust the position based on growth metrics [4]

Core Insights - The article reflects on the current state and future prospects of Playboy, a once-iconic brand, after encountering old copies of the magazine [1] Group 1: Investment Perspective - The investor's strategy involves a balanced portfolio of low-cost funds and individual stocks, with a focus on long-term holding of at least 10 years [2] - Emphasis is placed on understanding market dynamics beyond traditional metrics like P/E ratios, highlighting the importance of demand and supply in stock valuation [2] - The investor aims to predict human behavior and market sentiment, which are seen as critical to understanding stock performance [2] Group 2: Position Disclosure - The investor has established a small position in PLBY, valued at less than $5,000, with plans to either increase the position on weakness or liquidate if growth metrics do not improve [4] - There is a beneficial long position in PLBY shares, indicating a personal investment interest in the company [3]