Playboy Awarded $81 Million in Damages in Arbitration Against Former Licensee
1. Playboy prevails in arbitration against New Handong for $81 million. 2. Termination of license was ruled lawful by the tribunal. 3. New Handong faces a ban on further use of Playboy materials. 4. Playboy will pursue enforcement actions for the awarded damages. 5. CEO claims the ruling showcases the brand's significant value.