PLBY Group enters global condom license with Thai Nippon Rubber, settles lawsuit

Playboy, Inc.

Multi-year license grants TNR rights to design, produce, and distribute Playboy-branded condoms and lubricants globally.
PLBY will receive royalty payments, including minimum guarantees, on products sold under the agreement.
The new license and settlement resolve a previously disclosed lawsuit; dismissal with prejudice expected, no admission of liability.
CEO Ben Kohn calls this an important commercial milestone for the licensing business.
No financial terms disclosed; prior lawsuit related to a prior license agreement for condoms under Playboy brand.

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