Playboy (PLBY) Repurchases 16.6 Million Shares from Fortress for $17.4 Million

Playboy Group (PLBY) has agreed to repurchase 16.6 million shares of its common stock from affiliates of Fortress Investment Group LLC for approximately $17.4 million. The transaction, priced at $1.05 per share, significantly reduces Fortress's stake in the company. The share buyback was announced on June 22, 2026. This strategic move aims to optimize Playboy's capital structure and potentially enhance shareholder value by reducing the outstanding share count. Fortress Investment Group previously held a substantial position in Playboy. This repurchase marks a significant reduction in Fortress's ownership, aligning with Playboy's ongoing efforts to manage its equity base.