U.S. antitrust officials are suing to block Edgewell Personal Care Co.’s $1.4 billion deal for Harry’s Inc., putting in jeopardy Edgewell’s plans to revamp its nearly 100-year-old Schick razor brand.
The Federal Trade Commission said Monday that it would file a complaint in federal court to stop the acquisition on antitrust grounds, saying the tie-up will eliminate competition between the two razor makers.
“Harry’s is a uniquely disruptive competitor in the wet shave market, and it has forced its rivals to offer lower prices, and more options, to consumers across the country,” Daniel Francis, a deputy director in the ...
