In 1998, Gillette decided to transform Braun AG into a private company before it bought back a 19.9 percent share in its subsidiary The Gillette Company Inc., which Braun had acquired in 1988.
Gillette je odlučio transformirati Braun AG u privatno poduzeće prije nego što ga je kupio natrag s 19,9 posto udjela u svojoj podružnici Gillette Company Inc, koje je Braun stekao 1988.