Schick Parent Buys Harry’s, Inc. for $1.37 Billion in Cash-Stock Deal
Harry’s co-founders and co-CEOs will join executive team to lead U.S. operations
Last week, Edgewell Personal Care Company (NYSE: EPC), parent company to brands including Schick, Edge, Skintimate, Wet Ones and Hawaiian Tropic, added another brand to its family of products – Harry’s, Inc. – for $1.37 billion in a cash and stock deal. Founded in 2013 by Andy Katz-Mayfield and Jeff Raider, Harry’s is a direct-to-consumer shaving subscription startup with a factory in Germany and headquarters in New York City. In the U.S., Harry’s razors and related personal care products are available via subscription as well as in retail stores.
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