Who is gillette owned by

The first adjustable razor with three settings was introduced for light, medium, and heavy beards. Over time more settings were added, totaling nine. It meant that the user would no longer have to touch the blade. This design was a highly stylized evolution of the original Techmatic, which had been a Gillette staple razor for over 30 years; an expression of the industrial design experimentation of the era.

ProShield razors also feature FlexBall technology. There have been more than 4, razors designed for shaving yourself. None have been specifically designed to shave someone else — until now. Additionally, Gillette has faced competition from disruptive upstarts like Dollar Shave Club, now owned by Unilever, and Harry's.

CEO David Taylor told analysts that because both Unilever and Edgewell will count on the start-ups for sales growth, those acquisitions benefit the entire shaving industry. Its direct-to-consumer online business for Gillette remains small but is growing. Investors shrugged off the write-down Tuesday, instead focusing on the company's earnings beat and optimistic forecast for fiscal Skip Navigation. Buffet, Gillette's largest single shareholder, called the combination "a dream deal" and said he plans to buy another 6.

As a result, the deal would ultimately be financed through about 60 percent stock and 40 percent cash. Lafley said about 6, jobs would be eliminated out of the combined work force of about ,, most of them by eliminating managerial overlaps and consolidating operations.

The deal is a bold move by Lafley, who led the company out of dark times in Moving too fast on a restructuring plan implemented by Chief Executive Durk Jager, the company posted several disappointing quarters and its stock lost more than half its value in