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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

Though the UK celebrates Mother's Day in March, Meghan, the Duchess of Sussex, is still an American at heart.An Instagram account she shares with husband Prince Harry released a sweet new photo of the newborn royal as the US, along with Canada, Australia and several other countries, celebrated Mother's Day on Sunday.The duchess, 37, gave birth a week ago to her first child, Archie Harrison Mountbattan-Windsor."Paying tribute to all mothers today - past, present, mothers-to-be, and those lost but forever remembered," the caption reads. "We honor and celebrate each and every one of you."In the photo, baby Archie appears to be wrapped in a white blanket and held by his mom. The post also included a quote from Nayyirah Waheed's poem "lands."Some people speculated that the photo was a nod to Archie's late grandmother, Princess Diana, because forget-me-nots, which were Diana's favorite flowers, are pictured in the background.Meghan's bridal bouquet, which was hand-picked by Prince Harry, also included forget-me-nots.</p> 1048

The show must go on. Most AMC Theatres are remaining open despite calls for the public to practice in social distancing and avoid crowded venues. But with the recent advent of reserved seating, the large theater chain is able to force social distancing within its cinemas. AMC announced that starting Saturday, all cinemas nationwide will be capped at 50% capacity. The chain also said that in auditoriums with more than 500 seats, seating will be capped at 250. In states with more restrictive bans on large gatherings, AMC said it would abide by state law. For instance, in Ohio, no auditorium can hold more than 100 people at a given time. Many other cities and states have implemented similar bans. AMC Theatres' CEO said that it wants to offer the public a "clean, healthy, entertaining environment.""The health and safety of our guests and theater teams are of the utmost importance to AMC," CEO Adam Aron said. "Therefore, AMC is proactively taking action to cut in half the number of tickets that we will make available at all our U.S. theaters. With this action, we are facilitating the ‘social distance’ between guests who still want to see movies on a big screen.” 1187

Three people were shot and a pedestrian was hit by a vehicle during a chaotic night outside the main gates of the Minnesota State Fair.Monday was the final day for this year's state fair, which is located between the cities of Minneapolis and St. Paul.First, a 19-year-old woman who had been struck by a passing vehicle was found by Saint Paul police late Monday night.Witnesses said there had been a fight in the area just before the woman somehow ended up in the road and hit, according to a police statement. The driver of the vehicle initially stopped but left the scene after bystanders began kicking and hitting his vehicle. He drove a short distance away, pulled over and called 911.He is cooperating with investigators, who report no signs of impairment. The woman was taken to a local hospital and listed in critical condition.Gunshot heardSoon after that, gunfire was heard near where the officers were rerouting traffic around the crash scene. Police found one man about a block away with a gunshot wound. He was taken to the hospital with non-life threatening injuries. Two other people with gunshot wounds later turned up at separate hospitals."There's a lot of people in that area," Steve Linders, public information officers for the St. Paul Police Deparment, told 1292

The Senate has approved a ban on the sale of tobacco products to anyone under the age of 21 as part of a spending bill to keep the government funded. The measure had already been approved by the House.The restriction on tobacco sales has long been a push by a somewhat odd compilation of members, ranging from Senate Majority Leader Mitch McConnell a Kentucky Republican, and Republican Sens. Mitt Romney of Utah and Todd Young of Indiana, and some of the chamber's top Democrats, including Sens. Richard Durbin of Illinois, Tim Kaine of Virginia and Brian Schatz of Hawaii.Those lawmakers have been looking for a means to get the prohibition across the finish line, and now they've found one by attaching it to a must-pass series of bills to avoid a government shutdown.The increased age restriction for tobacco purchases is one of several provisions outside the spending measures themselves that will be attached to the broader .4 trillion spending agreement and likely become federal law. 1005

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