Brief: Playboy Signs $122 Million Deal With United Trademark Group To Accelerate The Growth Of Its China Business
Feb 9 (Reuters) - Playboy Inc PLBY.O: PLAYBOY SIGNS $122 MILLION DEAL WITH UNITED TRADEMARK GROUP TO ACCELERATE THE GROWTH OF ITS CHINA BUSINESS PLAYBOY INC - TO USE $50 MILLION FOR DEBT REDUCTION PLAYBOY INC - TO SELL 50% OF CHINA BUSINESS TO UTG PLAYBOY INC - EXPECTS DEAL TO BE ACCRETIVE TO EARNINGS Source text: ID:nGNXbQ5T16 Further company coverage: PLBY.O ((Reuters.Briefs@thomsonreuters.com;))
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