Playboy Enterprises

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Playboy Enterprises
Playboy Enterprises, Inc. ( NYSEPLA), also organized as New Playboy, Inc. ( NYSEPLAA), is the company founded by Hugh Hefner to manage the Playboy magazine empire. It was created in 1953 as the HMH Publishing Co., Inc. for the purpose of publishing the Playboy Magazine. The business quickly expanded beyond the magazine and began to develop and distribute a wider range of adult entertainment. It eventually went public under the current name in 1971Christie Hefner, the daughter of Hugh Hefner, has been the President of PEI since 1982, and Chairman of the Board and Chief Executive Officer for Playboy Enterprises since 1988.
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