Iconic Lifestyle Brand Continues to Grow Presence in Greater Asia Following Success of Fashion & Apparel Sales in China and Japan
Playboy Enterprises, Inc. (the “Company” or “Playboy”), one of the largest and most recognizable lifestyle brands in the world, today announces the expansion of its global consumer products business into India, in partnership with Jay Jay Iconic Brands, a leading fashion and lifestyle Company in India. With a proven track record of highly successful brand extensions in over 180 markets worldwide, Playboy now looks to India as it seeks to expand its international footprint and unleash the brand’s lifestyle category offerings in the market.
“With Playboy’s proven track record as a leading fashion and lifestyle brand in China, Japan, Korea and Taiwan, we are confident that expansion into India to meet the young Indian consumers’ demand for streetwear fashion is the best next step in the evolution of our international roadmap,” said Ben Kohn, CEO of Playboy Enterprises.
“We are enthusiastic about our partnership with Jay Jay Iconic Brands, who has demonstrated its ability to create exceptional shopping experiences for leading global brands.”
The Playboy international portfolio has been flourishing for over 25 years in several South Asian markets such as China and Japan. In particular, it has strategically targeted the Millennial and Gen-Z audiences across categories such as apparel, footwear, home textiles, eyewear and watches.
The Playboy and Jay Jay partnership was brokered by Ashish Saxena of MDR Brand Management. Both teams are working closely to identify other exciting extension opportunities in key lifestyle categories including beauty and grooming, food and beverage and sexual wellness.
Dr. Rohit Malhotra, CEO of Jay Jay Iconic Brands said,
“Playboy is an amazing brand, rich in heritage and unique assets such as the Rabbit Head logo. The Indian market today is dominated by consumers under the age of 35, who represent more than 65% of the country’s total population and are driving India’s significant online shopping growth. The Playboy brand’s core values of playfulness and exploration resonate strongly with the expressed desires of today’s younger millennial consumers. For us, Playboy was the perfect fit.”
Playboy demonstrates a clear vision to be the leading purveyor of consumer lifestyle product offerings worldwide. The Playboy brand currently holds retail operations (approximately 3000 POS) across online and offline channels, while seeing a continuously high purchasing demand across younger customers. The first collection of Playboy casual fashion, footwear and accessories are expected to launch in India in mid- 2021 on select e-commerce platforms, followed by brick and mortar retail expansion in 2022 across top cities such as New Delhi, Mumbai and Bangalore, producing a true multichannel experience.
Playboy recently announced the change of its parent company name after the completion of its proposed business combination with Mountain Crest Acquisition Corp (Nasdaq: MCAC) (“Mountain Crest”) from Playboy Group, Inc. to PLBY Group, Inc. to reflect its expansion into a leading global pleasure and leisure platform across multiple brands and businesses.