Late founder Hugh Hefner. Picture: REUTERS— Playboy Enterprises, the storied men’s magazine publisher turned prolific brand licenser, will return to the public markets after nearly a decade through a special-purpose acquisition company .
In a signal of Playboy’s transformation, that statement does not once include the word magazine. The company, founded by the late Hugh Hefner in 1953, published the final regularly scheduled print issue of what had become a quarterly publication this past spring. The company says it has $3bn in consumer spending against the Playboy brand in 180 countries, with cash flows of more than $400m contracted through 2029. The deal values the company at $415m.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Playboy goes public again through Spac dealPlayboy Enterprises merges with Mountain Crest Acquisition Corporation in deal valuing company at $415m
Source: BDliveSA - 🏆 12. / 63 Read more »
Playboy goes public again through Spac dealPlayboy Enterprises merges with Mountain Crest Acquisition Corporation in deal valuing company at $415m
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »
Shock-chip: SAA tender U-turn takes the biscuit, but it won’t say sorryProtector says Cape biscuit firm was left with crumbs after Air Chefs bungled their snack deal
Source: TimesLIVE - 🏆 28. / 59 Read more »
NICOLE FRITZ: Trump hijacks presidential debate with street-fighting spectacleCoverage serves only to reinforce disservice to public, who are denied chance for real understanding
Source: BDliveSA - 🏆 12. / 63 Read more »