Edgewell Personal Care Backs Out of Harry’s Acquisition

The FTC had filed suit to block the deal earlier this month


Harry’s, the direct-to-consumer men’s and women’s shaving company, is now independent once more.

Edgewell Personal Care, which owns the Schick brand of shaving products, had been set to acquire Harry’s for $1.37 billion, but the company is backing out of the offer after the FTC sued to block the transaction on Feb. 3. In a statement, Edgewell president and CEO Rod Little cited the “required investment of resources and time” as to why the company moved away from the deal.

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