business news in context, analysis with attitude

• The Wall Street Journal reports that Unilever is acquiring Dollar Shave Club for $1 billion.

According to the story, "Dollar Shave Club, which isn’t profitable, said it has signed up 3.2 million members for its mail-order service that ships out disposable razors and other grooming products for a flat monthly fee." With annual sales of $152 million, Dollar Shave Club has "chipped away at market leader Gillette."
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