Word: autostrop
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...Almost the only thing about Gillette Safety Razor Co. and Gillette blades which has not been changed since Depression is the bewhiskered photograph of King C. Gillette, who died in 1932. With most of its patents long exhausted, the company was reorganized after merging in 1930 with AutoStrop Safety Razor Co. when AutoStrop's subsidiary, Probak Corp., produced a blade that exactly fitted Gillette razors. Last year, despite heavy inroads of cheap competing blades and a reduction in the price of both Gillettes and Probaks, Gillette Safety Razor Co. earned $4,188,000 against $3,659,000 (unaudited...
...unharmonious razor industry has become a lawyers' paradise. Last week another suit sprang up. Trophy Towers Sales Corp. has engaged in the business of selling double-edged blades in slot machines. It used to buy its blades from Trophy Blade Co., half interest in which was held by AutoStrop Safety Razor Co. When AutoStrop and Gillette merged the remaining half interest was acquired. Trophy Blade Co. dissolved. Last week Trophy Towers Sales Corp. brought a $30,000,000 damage suit against Gillette and 19 of its officers and directors. It charged that the AutoStrop-Gillette merger was a conspiracy...
Died. King Camp Gillette, 77, safety razor man; of bladder trouble; in Los Angeles. Retired from active business in 1913, he returned in 1929 when intense competition set in, invented a new razor which his company immediately began producing. Probak Corp., a subsidiary of Henry Jaques Gaisman's AutoStrop Safety Razor Co., produced a blade which exactly fitted the new Gillette. A merger followed, Gillette buying out AutoStrop (TIME, Oct. 27, 1930), ostensibly leaving King Camp Gillette still "razor king.' The real victory went to shrewd Henry Jaques Gaisman...
...Gillette's confession is perhaps the last milestone of the historic Gillette-Probak (AutoStrop) fight. When the Gillette advertisement said, "Finally we discovered and purchased for our exclusive use and at the cost of millions of dollars a manufacturing process that was amazingly superior to our own," it referred to the Probak-process. Razormen feel that Gillette's "discovery" of the process came about in Probak's damage suit, that Auto-Strop was bought only as the cheaper way out. Soon after the merger was completed, the AutoStrop machinery was moved from New York City to Boston...
Last Gillette suit was the action & counter action with United Cigar Stores, settled out of court by a $1,900,000 payment to United (TIME, Aug. 3). Most famous Gillette suit was that brought by AutoStrop Safety Razor Co., resulting in a merger of the two companies (TIME, Oct. 27). Still pending is the suit of minority shareholders against the Gillette directors (TIME, July 20). Last week President Louis Segal remained serene. "I do not attach much importance to the action which has been taken by Gillette Co.," said he. Representing Segal is one-time Federal Judge Hugh Martin Morris...