Six years ago, the upstart razor company Harry's looked set for the next growth stage: being sold to Edgewell, the parent company of the Schick and Wilkinson Sword brands, for $1.37 billion.

Buzzy shaving brand Harry's is being acquired by the owner of Schick razors for $1.37 billion. Under the agreement announced Thursday, investors in Harry's Inc. will take a stake of about 11% of ...