Playboy Clubs, then and now

In the three months since Scott Flanders took over for Christie Hefner as CEO of Playboy Enterprises Inc., he has come to a simple conclusion about its magazine, TV and digital media businesses: Tough way to make money. So in the coming months, Flanders will be placing his bet on two long overshadowed operations: product licensing and Playboy clubs. Read Greg Burns full report and check out our photos.