Gillette was founded in 1901 and is now owned by Procter & Gamble. It dominates the shaving market with a 69% share of razor and shaving cream sales. Gillette uses product differentiation through incremental innovation, from single to multiple blade razors. It pursues a strategy of giving away or discounting razors to get many into customers' hands and make profits through high margin blade replacement sales. Gillette has a strong brand through decades of advertising and endorsement deals with athletes.