Edgewell Personal Care has agreed to acquire razor subscription service Harry’s in a cash and stock transaction that will allow Grace Beauty Capital to exit.
Harry’s, a US-based razor retailer backed by beauty product distributor Grace Beauty, yesterday agreed to an acquisition by consumer products supplier Edgewell Personal Care for $1.37bn.
Edgewell will pay approximately 79% of the amount in cash and the remainder in common stock. Harry’s shareholders will own approximately 11% in Edgewell following the transaction, which is expected to close by the first quarter of 2020.
Founded in 2013, Harry’s runs an online platform that sells men’s grooming products, including razors, shaving…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
