From Yahoo Finance: 2025-06-12 16:09:00

Kenvue is considering selling some skin health and beauty brands to focus on core products, sources say. Brands like Clean & Clear and Neutrogena may be on the chopping block, generating over $500 million in revenue. The unit has seen declining sales, prompting a strategic shift. Investment bankers at Goldman Sachs are assisting in the divestment process.

Activists like Starboard Value have pressured Kenvue to sell itself or certain brands. In response, the company added Starboard’s founder to its board. Kenvue brought on a new CFO from Kellogg’s snacking unit in May. The company has faced challenges with its skin health and beauty unit, leading to a focus on marketing for key brands like Neutrogena.



Read more at Yahoo Finance: Kenvue mulls sale of some skin health and beauty brands, sources say