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The owner of Schick razors needs to close the gap with Gillette, its biggest rival. So it's turning to new blood to make that happen.Edgewell Personal Care is buying the upstart razor maker Harry's, the two companies announced Thursday. The deal values Harry's at nearly .4 billion.Harry's started in 2013 and quickly expanded by selling low-priced razors online. Edgewell, meanwhile, owns some of the most established brands in the field — including Schick, which started in 1921. Edgewell also owns Wilkinson Sword, a major European brand that has been making razors since 1898.But Edgewell trails its main rival, Gillette, by a large margin. Gillette is a unit of Procter & Gamble, and accounted for about 10% of that company's .8 billion in revenue — about billion — last year. By comparison, Edgewell reported .2 billion in revenue during its most recent fiscal year.Sales for the first six months of this year fell 7% compared to a year earlier, Edgewell reported Thursday. But CEO Rod Little told investors that the company expects revenue to rise to .7 billion in its first full fiscal year after it acquires Harry's. The deal is expected to close early next year.Little said Edgewell was drawn to Harry's success with building a brand and marketing directly to consumers."We've been talking about it for a while," he said on an earnings call. "And when you look at what Harry's has done, we've looked at that from afar for a long time," he told investors."The deal also could help Harry's cut costs. Despite its success, Little said the business is only approaching the breakeven point this year.Investors didn't immediately embrace the purchase. Shares of Edgewell fell nearly 13% in midday trading Thursday.Harry's founders Andy Katz-Mayfield and Jeff Raider will stay on to run the combined companies' US business. Raider was also one of the founders of the eyeglass maker Warby Parker. The two of them had been friends since college.Harry's is not the first razor startup to be acquired by a more established company.In 2016, Unilever bought 2083
Those tuning in to watch baseball today might have some extra trouble picking out their favorite player.That's because April 15 marks Jackie Robinson Day, a day in which every Major League Baseball team will honor the first player to break the sport's color barrier after decades of segregation.As part of the celebration, all uniformed personnel in the MLB — players, coaches and umpires — will wear No. 42 for today's games.Robinson made his debut with the Brooklyn Dodgers on April 15, 1947. He was the first black player to play professional baseball in the 20th century — before that, there was a racist agreement among team owners to keep black ballplayers off the field.Not only was Robinson a pioneer in civil rights, he was one of the greatest baseball players of his era, and was enshrined in the Hall of Fame upon his retirement. 852

Traffic fines are meant to be a deterrent, but now California Governor Gavin Newsom is saying the fines and other added fees are getting too high. "They should be held accountable... but if it is a speeding ticket going eight miles over the speed limit- I think you should get a break," said David Murcia, a Santa Maria resident.In his latest budget proposal, Governor Newsom wants to expand a pilot program that lowers traffic fines.It could mean those who make less than about ,000 a year will only pay half of what other drivers pay and allow them to make payments.A recent study found that high fines led to drivers simply not paying them, which means less money for the state and more people at risk of having their license suspended.A pilot program was started in four counties to test out the low income fine reductions."They are pretty extreme on a lot of the fines for the citations... and I would be more inclined to pay mine if they were reasonable," said Rory Medlin, an Oceano resident.Even though it was not part of the pilot program, San Luis Obispo County already has an ability to pay program set in place.The local program uses a person's financial history to determine fine reductions, and the new state-wide proposal is similar. The governor said the program is a first step toward undoing the effect of extra fees and assessments tacked onto the base traffic fines.The fines for traffic violations have not increased, but more and more fees designed to supplement the general fund have increased dramatically. According to the budget proposal, in most counties not stopping for a red light will cost about 0.00... only 0.00 of that represent that actual traffic fine, the rest is made up of various fees.The California Highway Patrol and the Santa Maria Police Department tell KSBY that if and when the proposal gets put into place, it will not change who gets a citation or how they are issued.If approved, the judicial council will implement the program which will be phased in with multiple counties joining each year. 2064
The Texas Department of Public Safety has issued a blue alert for a 21-year-old man accused of killing a Nassau Bay police sergeant. Twenty one-year-old Tavores Henderson is accused of 197
They waited for this moment since SATURDAY MORNING! We were there as @WhiteCastle super fans Jamie & Drew (from Fountain Hills!) bit into their first sliders from the #Scottsdale restaurant @abc15 pic.twitter.com/agdHzaGyYV— John Genovese (@JEGenovese) October 23, 2019 286
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