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Business Wars Daily

Schick Razor Owner to Acquire Indy Shaver for $1.4 Billion

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 15 May 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Wednesday, May 15, and we’re looking at Edgewell Personal Care vs. Unilever.

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Transcript

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0:00.0

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1:05.6

Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, May 15th.

1:10.8

By now, it's no surprise that big old conglomerates are worried about being upended by online upstarts, which accounts for last week's news that the owner of Shick Razors is spending almost $1.5 billion to acquire Harry's Razors, a business that is only six years old.

1:29.8

Harries sells razors for both men and women and other grooming products via subscription.

1:35.3

With less overhead than legacy brands, Harries has been able to shrink prices even as it offers sleekly designed products.

1:43.3

It also adopted the kind of personal relationship-building marketing, common to online brands

1:48.1

these days.

1:49.0

Now, that shouldn't surprise you, since before starting Harry's, co-founder Jeff Rader helped

1:54.4

to launch eyeglassmaker Warby Parker, which practically invented direct-to-consumer

1:59.4

disruptors.

...

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