PLBY Group Wins $81 Million Arbitration Award Against Former Licensee New Handong

MT Newswires Live09-08

PLBY Group (PLBY) said Monday it has won an arbitration case against its former licensee, New Handong Investment, and has been awarded about $81 million in damages, including interest.

The company said the dispute stemmed from its termination of a license agreement due to repeated contract breaches by New Handong.

The Hong Kong arbitration tribunal ruled that its termination was lawful and ordered New Handong to stop using any Playboy branding or products. Furthermore, all of New Handong's counterclaims were rejected, the company said.

Shares of the company rose more than 12% in Monday's premarket activity.

Price: 1.95, Change: +0.21, Percent Change: +12.07

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2565964686?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-08 19:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2565964686","market":"sg","top_or_hot":-1,"title":"PLBY Group Wins $81 Million Arbitration Award Against Former Licensee New Handong","media":"MT Newswires Live","content":"<html><body><p> PLBY Group (PLBY) said Monday it has won an arbitration case against its former licensee, New Handong Investment, and has been awarded about $81 million in damages, including interest.</p><p>The company said the dispute stemmed from its termination of a license agreement due to repeated contract breaches by New Handong.</p><p>The Hong Kong arbitration tribunal ruled that its termination was lawful and ordered New Handong to stop using any Playboy branding or products. Furthermore, all of New Handong's counterclaims were rejected, the company said.</p><p>Shares of the company rose more than 12% in Monday's premarket activity.</p><p>Price: 1.95, Change: +0.21, Percent Change: +12.07</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PLBY Group Wins $81 Million Arbitration Award Against Former Licensee New Handong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPLBY Group Wins $81 Million Arbitration Award Against Former Licensee New Handong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-09-08 19:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> PLBY Group (PLBY) said Monday it has won an arbitration case against its former licensee, New Handong Investment, and has been awarded about $81 million in damages, including interest.</p><p>The company said the dispute stemmed from its termination of a license agreement due to repeated contract breaches by New Handong.</p><p>The Hong Kong arbitration tribunal ruled that its termination was lawful and ordered New Handong to stop using any Playboy branding or products. Furthermore, all of New Handong's counterclaims were rejected, the company said.</p><p>Shares of the company rose more than 12% in Monday's premarket activity.</p><p>Price: 1.95, Change: +0.21, Percent Change: +12.07</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2565964686","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565964686","pubTimestamp":1757332201,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"PLBY Group  said Monday it has won an arbitration case against its former licensee, New Handong Investment, and has been awarded about $81 million in damages, including interest.The company said the dispute stemmed from its termination of a license agreement due to repeated contract breaches by New Handong.The Hong Kong arbitration tribunal ruled that its termination was lawful and ordered New Handong to stop using any Playboy branding or products. Furthermore, all of New Handong's counterclaims were rejected, the company said.Shares of the company rose more than 12% in Monday's premarket activity.Price: 1.95, Change: +0.21, Percent Change: +12.07","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4202":"服装、服饰与奢侈品","PLBY":"Playboy Inc"},"translate_title":"PLBY集团赢得针对前被许可方New Handong的8100万美元仲裁裁决","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLBY":1},"content_text":"PLBY Group (PLBY) said Monday it has won an arbitration case against its former licensee, New Handong Investment, and has been awarded about $81 million in damages, including interest.The company said the dispute stemmed from its termination of a license agreement due to repeated contract breaches by New Handong.The Hong Kong arbitration tribunal ruled that its termination was lawful and ordered New Handong to stop using any Playboy branding or products. Furthermore, all of New Handong's counterclaims were rejected, the company said.Shares of the company rose more than 12% in Monday's premarket activity.Price: 1.95, Change: +0.21, Percent Change: +12.07","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2565964686","isCrawlerRequest":true}