atans1

Temasek invests in Harry

In Private Equity, Temasek, Uncategorized on 19/02/2018 at 4:57 am
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.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: