The founders of Harry's are speaking out after a conglomerate that agreed to buy it for $1.4 billion pulled out of the deal to avoid a government fight
Harry's
- Harry's has lost its buyer after rival Edgewell, a conglomerate of shaving and skincare companies, pulled out of an acquisition agreement on Monday.
- Edgewell made the move after the Federal Trade Commission sued to block the acquisition on antitrust grounds last week. The government agency argued that the buyout would have removed a promising challenger in an already consolidated market.
- The cofounders of Harry's said in a joint statement on Monday: "We believe we would have prevailed in litigation... Читать дальше...