What stumbles at harry’s and brandless mean for e-commerce

This week, two promising direct-to-consumer brands suffered major setbacks. Grooming company Harry’s learned that Schick maker Edgewell is dropping its bid to take it over, in light of a challenge from the Federal Trade Commission on antitrust grounds. And online consumer goods company Brandless on Monday abruptly shut down, reportedly as major venture capital investor SoftBank pulled back on promised funding based on yet to be realized growth targets, according to The Protocol, which broke that news. Read more at Retail Dive.