Harry’s Will Be Sold to Owner of Schick for $1.37B

When they founded Harry’s as a shaving start-up nearly nine years ago, Andy Katz-Mayfield and Jeff Raider sought to shake up a decades-old business dominated by two giants in the field. Harry’s sells razors, face washes and lotions, as well as the Flamingo line of women’s razors and waxes, directly to consumers over the internet, offers subscriptions (a certain number of blades delivered to your home each month) and has struck a collaboration with the clothing retailer J. Crew. Based in New York, it owns the German factory that makes its blades and has invested in other businesses like Hims, a start-up that sells hair-loss prevention products.

Source: www.nytimes.com