Men’s grooming operation Harry’s has raised a $155 million Series E round at a $1.7 billion valuation, following the collapse of a deal it had set up with Edgewell, parent of the Schick brand, that valued the company at $1.37 billion.
For 2020, Harry’s sales were up 25 percent, to $370 million, according to a spokesperson for the brand.
In a statement, Harry’s said the focus going forward would be on acquisitions that can leverage the company’s design, marketing and direct-to-consumer capabilities.
Source: WWD