default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Edgewell Buys Razor Brand Billie After P&G Was Blocked From Buying It

The Schick and Banana Boat owner said it purchased the direct-to-consumer brand in a $310 million transaction.
Billie shaving kit.
Billie shaving kit

Edgewell Personal Care Co., the owner of Schick and Banana Boat, said it purchased direct-to-consumer razor brand Billie Inc. in a $310 million transaction.

The deal has cleared antitrust requirements and has already been closed, Edgewell said in a statement. This would appear to resolve thorny antitrust issues that have prevented a series of personal-care transactions from being consummated — including an earlier bid for Billie by Gillette owner Procter & Gamble Co., which was blocked by the Federal Trade Commission on the grounds that it would reduce competition.

Billie, which sells women’s razors and body-care products, gives Edgewell a direct-to-consumer razor business almost two years after antitrust regulators blocked its attempted purchase of Harry’s Inc. It’s one of a number of consumer-products companies sidestepping traditional retailers with a direct-selling model that has shaken up the space.

Billie will continue to be led by its co-founders, Georgina Gooley and Jason Bravman, Edgewell said. Edgewell, based in Shelton, Connecticut, expects the acquisition to be slightly positive to Edgewell’s adjusted earnings per share during fiscal 2022. Billie plans to expand into brick-and-mortar retail next year.

The transaction was carried out with a combination of cash and a revolving loan.

By Jonathan Roeder

Learn more:

Case Study: How to Market a New Brand

Effective marketing is a challenge for every type of consumer brand, but especially for emerging brands. In our latest in-depth case study, BoF decodes the strategies driving real results for eight young lines.

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Inside the $7 Billion Dior Phenomenon
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Inside the $7 Billion Dior Phenomenon