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Cremo was founded in 2005 with a shaving cream and expanded to 75 men’s grooming products.
Harry's Inc. issued a statement insisting it "would have prevailed in litigation."
The FTC accused Edgewell of trying to "short-circuit competition by buying up its newer rival."
Little has also been appointed to the company's board of directors effective March 1, which will expand the board by one member.
Iasenza was previously senior vice president, general counsel and secretary at Harman International Industries Inc., and assistant general counsel with United Agri Products Inc.