Reported about 1 month ago
Kenvue Inc., the recently spun-off consumer-products company from Johnson & Johnson, saw its shares rise significantly after activist investor Starboard Value acquired a substantial stake. As Kenvue faces challenges with underperforming sales and market share, particularly in its skin health and beauty segment, Starboard aims to push for changes to enhance the company's stock performance, amid an ongoing weak consumer sentiment.
Source: YAHOO