Playboy is relocating its headquarters from Los Angeles to Miami Beach, citing California's 'anti-business' environment. The move follows other companies like Tesla, Chevron, and Charles Schwab that have left California for Florida.
CEO Ben Kohn told Fox News Digital that Florida's pro-business stance was a key factor. The new headquarters will occupy the penthouse of The RIVANI building, a luxury commercial redevelopment at 1691 Michigan Avenue, featuring a spa, fitness centre, meditation rooms, and private event spaces.
Playboy plans to develop a reimagined Playboy Club at the new location, with a restaurant and members-only areas. The company will focus on building studios for podcasts, photography, and digital content, as well as expanding its licensing business. The move is expected to be completed by next year.
Businesses are leaving California due to high taxes, strict regulations, and expensive real estate, while Florida offers lower taxes and business-friendly incentives. Playboy, founded in 1953 by Hugh Hefner, has evolved from a magazine into a lifestyle and entertainment company under private equity firm PLBY Group.
