The Federal Trade Commission is suing to block the $1.37B acquisition of affordable razor brand Harry’s Inc. by Schick owner Edgewell Personal Care. The FTC complaint alleges the acquisition would eliminate one of the most important competitive forces in the shaving industry. Edgewell and Harry’s say consumers would not be harmed.
Procter & Gamble
On-demand warehousing and fulfillment firm FLEXE has raised $43 million in Series B funding, led by Activate Capital and Tiger Global Management, with participation from Madrona Venture Group and follow-on investments from Redpoint Ventures, Prologis Ventures and others. Clients include Walmart, Staples and Toms.