Page 4 - Rizvi Traverse News Today : Breaking News, Live Updates & Top Stories | Vimarsana

February 12, 2021 A decade after founder Hugh Hefner took Playboy from public to private again, the company returned to the stock market yesterday. It was not the most auspicious restart. Shares dropped 2.7%. Wall Street is evidently not impressed as Playboy tries to write a future very different from its past as the publisher of an iconic men’s magazine. The company is in the midst of a pivot away from some of the pillars its business has relied on, such as media and licensing deals in China, and toward more consumer products, from clothes to home goods to condoms. Facing tons of online competition in its legacy business of peddling nude images, Playboy instead has focused on launching its own e-commerce channels and acquiring established retailers. Last year, it grabbed up online lingerie retailer Yandy as it restructured its operations. This year it bought the parent company of sexual-wellness chain Lovers, which has 41 stores spread across five US states.

Hugh hefnerBen kohnExchange commissionRizvi traverseSeeking alphaEdited by oliver staleyConsumer goodsDirect to consumerஹக் ஹெஃப்னர்பென் கோன்பரிமாற்றம் தரகுரிஜ்வி தொடரவேண்டும்தேடுவது ஆல்பாதிருத்தப்பட்டது வழங்கியவர் ஆலிவர் ஸ்டேலீநுகர்வோர் பொருட்கள்நேரடி க்கு நுகர்வோர்