German Sex Toy Company WOW To Merge With UK’s LoveHoney
According to a statistical report from Grand View Research, a well-known consulting firm, global sales of sex toys increased by 26% in 2020, reaching $33.6 billion. According to the “Wall Street Journal”, after several rounds of negotiations, the two companies reached a cooperation intention on August 11, and may officially announce it as soon as Thursday. The combined company, valued at about $1.2 billion, is now seeing a steady increase in global demand for sex toys for a number of reasons, not least of which is the COVID-19 outbreak, which is causing people to stay home for extended periods of […]