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At this time last year, Harry’s, the direct-to-consumer razor and shaving brand, was poised for the ultimate DTC exit—acquisition by a major conglomerate, to the tune of $1.4 billion.
But as 2020 has proved, a lot can change in a year, and such has been the case for Harry’s. The FTC sued to block personal care giant Edgewell’s deal offer. Eventually, Edgewell walked away, and Harry’s was left as an independent entity. On top of that regulatory action, a similar acquisition between P&G and Billie, a DTC razor brand for women (and competitor to Harry’s brand Flamingo), also fell apart in recent weeks.
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