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Tag: sexual

  • Sexual wellness retailers combine to form global Lovehoney Group

    Sexual wellness retailers combine to form global Lovehoney Group

    Online retailer Lovehoney is merging with WOW Tech Group to form a global sexual wellness group: The Lovehoney Group.

    The group will operate across EMEA, APAC and North America, and will combine a strong portfolio of brands, such as Fifty Shades of Grey, Happy Rabbit, Womanizer, We-Vibe, and Arcwave, as well as Swiss retailer Amorana, which was purchased by Lovehoney last year.

    The merger and expansion comes after the sexual wellbeing market exploded during global lockdowns, with the sector poised to grow at a CAGR of 8 percent from 2021 to 2028.

    Johannes Plettenberg, WOW Group founder and Lovehoney Group CEO, said the sector is fast becoming mainstream, “supported by liberalization, acceptance of sexual awareness, and the influence of popular culture.”

    “Amorana, Lovehoney, and WOW Tech share the same mission to destigmatize sexuality, empower people to enjoy a fulfilling love life, and experience sexual happiness,” Plettenberg said.

    “Combined, Lovehoney Group will provide a specialist e-commerce platform with unmatched international reach, with the creator of the most well-known and innovative brands in the industry.”

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  • Exclusive Playboy nears deal to buy sexual wellness chain Lovers

    Exclusive Playboy nears deal to buy sexual wellness chain Lovers

    Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the shuttering of its eponymous magazine, people familiar with the matter said on Sunday.

    The acquisition marks Playboy’s latest effort to leverage its famous rabbit silhouette logo to expand in the consumer products arena. It already capitalizes on its brand by selling everything from apparel to art.

    The deal would value Lovers-parent company TLA Acquisition Corp at around $25 million and could be announced as early as Monday, the sources said, requesting anonymity as the details were not yet public.

    In October, Playboy agreed to go public by merging with blank-check acquisition company Mountain Crest Acquisition Corp in a deal that values Playboy at $413 million, including debt.

    Upon closing of the deal, which is expected in February, Playboy will become a publicly-traded company again, having been taken private in 2011 in a $207 million deal led by its late founder, Hugh Hefner, and private equity firm Rizvi Traverse Management.

    Lovers operate online as well as across 41 stores in five U.S. states, selling sexual wellness and health goods including lingerie and intimacy products.

    Playboy last year ceased publication of its magazine, ending a nearly seven-decade run on newsstands that began in 1953 with a debut issue featuring Marilyn Monroe.

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  • Nearly half of Aussie workers have experience with harassment

    Nearly half of Aussie workers have experience with harassment

    Australian workplaces have a long way to go in promoting diversity and inclusion, as a recent survey by recruitment company Hays revealed that nearly a half (45 per cent) of Australian professionals have experienced bullying or harassment at work due to gender, age, ethnicity, sexual orientation or disability.

    That’s just the tip of the iceberg, with the figure rising to 64 per cent of people living with a disclosed disability, 58 per cent of people who identify as LGBTIQ+, 50 per cent of women and 50 per cent of mature-age people.

    While less men reported this behaviour than women, the figure is still high at 37 per cent.

    The survey of over 1,000 people across Australia and New Zealand found that 41 per cent of respondents took no action in relation to the bullying or harassment. A further 15 per cent of those who experienced this behaviour chose to leave the organisation rather than report it.

    While some respondents raised the issue to HR, a team leader, supervisor or manager and it was resolved promptly to their satisfaction, this often involved mediation or the appointment of an investigator.

    “Measures range from the formal letter of the law, sanctions and workplace guides to day-to-day awareness of leaders and managers and the behaviours of all employees,” Nick Deligiannis, managing director of Hays Australia & New Zealand said.

    “However, given our findings, it seems that despite a growing awareness of the problem, more needs to be done to stop harassment and bullying at work – for all demographic groups.”

    The recruitment company suggests employers familiarise themselves with anti-bullying laws and follow the correct procedures.

    Free resources are available from Australia’s Fair Work Commission and Safe Work Australia.

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