07:50 AM EDT, 09/08/2025 (MT Newswires) -- 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