Playboy Enterprises announced on Wednesday that it will relocate its headquarters from Los Angeles to Miami Beach, becoming the latest high-profile company to abandon California in favor of more business-friendly environments.

Ben Kohn, CEO of Playboy, described California as being “anti-business,” saying the state is an “extremely expensive place” to operate.

“We are excited to move the company to the city of Miami Beach, which has been phenomenal to deal with, very pro-business,” Kohn said. “When you look at the cost of doing business in California against the cost of doing business in Florida, and you combine that with the energy of Miami Beach, it made all the sense in the world for Playboy to move there.”

The once influential media and lifestyle brand, founded in 1953 by the late

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