No not this Harry. ![]() But Harry a wannabe P&G, the giant (but sleepy) American consumer goods company. From NYT’s Dealbook: Harry’s raises $112 million to go beyond shaving |
Since its founding nearly five years ago, the men’s grooming company has become an competitor to Procter & Gamble’s Gillette. Now its founders want to create what they describe as a next-generation P. & G. |
The company’s new financing round, led by Alliance Consumer Growth and Temasek of Singapore, is meant to help it buy stakes in nascent consumer brands. Harry’s has already invested in Hims, which is focused on men’s hair loss prevention. But its founders want to go into products for women, babies and households. |
More from Michael’s article: |
“We’ve built a lot of infrastructure at Harry’s that we think we can leverage into new categories,” Jeff Raider, one of Harry’s founders, said in a telephone interview. “It’s something that we’ve been excited about for a long time, and we’re now at a point in our business where we can act on it.” |