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Edgewell’s Acquisition Of Harry’s Would Reinstate ‘Duopoly’ Harmful To Consumers – FTC Complaint

 
• By Ryan Nelson

Schick owner Edgewell will not acquire upstart Harry’s if the US Federal Trade Commission has its way. According to the FTC’s complaint, the combination proposed in May 2019 “would eliminate one of the most important competitive forces in the shaving industry” that has disrupted Edgewell and P&G’s longstanding dominance of the market, to the benefit of consumers.

WASHINGTON, DC - SEPTEMBER 28, 2013: Federal Trade Commission Building in Washington, DC.

The US Federal Trade Commission aims to block Edgewell Personal Care’s acquisition of Harry’s, Inc., a critical rival whose arrival on the scene has benefited consumers by driving down prices and spurring innovation, according to the agency.

According to a 3 February release, the FTC’s Bureau of Competition has issued an administrative complaint alleging that the proposed merger represents violations

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