Federal antitrust regulators say a proposed merger that would combine old-school shaving company Schick with upstart Harry’s would end up costing consumers some skin.
Federal antitrust regulators say a proposed merger that would combine old-school shaving brand Schick with upstart Harry’s would end up costing consumers some skin.
Edgewell’s Schick is the No. 2 razor maker in the U.S., behind Gillette. Both brands were forced to slash prices and overhaul their marketing strategies in recent years in response to the rise of Harry’s and rival Dollar Shave Club, which both started as direct-to-consumer digital brands. Harry’s co-founders Jeff Raider and Andy Katz-Mayfield said Monday they were disappointed by the lawsuit and would evaluate their next steps.
Raider and Katz-Mayfield, who are poised to become co-presidents of Edgewell’s U.S. operations under the deal, have said Harry’s would remain a distinct brand after the merger, including sticking with its competitive pricing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US blocks one of the world's biggest razor companies from buying Harry'sThe US sues to block Edgewell Personal Care (EPC), which owns Wilkinson Sword and Schick, from buying startup Harry's
Read more »
Harry Potter actor 'caught on CCTV scrawling graffiti' after Hogwarts eventHarry Potter's Joshua Herdman visited the School Of Witchcraft and Wizardry in Scotland for a magic-themed event, and afterwards he was accused by a pub owner of drawing graffiti
Read more »
U.S. regulator deal policy is death by 1,000 cutsThe FTC wants to stop the maker of Schick razors from buying Harry’s because it could stanch competition. That foretells trouble for deals like Google’s bid for Fitbit. Yet, T-Mobile US-Sprint was approved. Disruptors are complicated, but unpredictable policy isn’t an answer.
Read more »
Swatch Group Cancels Watch Summit Due To CoronavirusSwatch Group, the owner of more than half a dozen brands—including Breguet, Omega, and Harry Winston—canceled its 'Time to Move' summit in Zurich due to Coronavirus concerns
Read more »
Future Sues Alleged Baby Mama Eliza SeraphinFuture is suing his alleged baby mama for invasion of privacy and defamation.
Read more »
Madonna Sued Over Late Start Times in NYC, Class Action Floodgates OpenMadge is being sued for allegedly being perpetually late.
Read more »