Consumer – Page 2 – Beautifaire

4 May

J&J’s Consumer Health Business Officially Goes Public – WWD

Kenvue Inc., the patron health subsidiary of Johnson & Johnson that encompasses Neutrogena, Aveeno and Tylenol brands, launched its initial public offering Thursday. Shares began trading on the Recent York Stock Exchange under the symbol KVUE at $22 per share, valuing the corporate at roughly $42 billion, and poising it to boost about $3.8 billion. At market close, shares were trading at $26.46. J&J still holds 90.9 percent of outstanding shares of the business. J&J’s total consumer health business generated $15 billion in 2022, a 2.7 percent increase from the prior yr. It also announced the appointment of its designate chief executive officer, Thibaut Mongon, and its chief financial officer, Paul Ruh, in May of last yr. “Helping consumers realize the extraordinary power of...

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25 Apr

Johnson & Johnson Prepares IPO for Its Consumer Health

by Beautifaire101

Beauty, Featured

Johnson & Johnson plans to launch an initial public offering for Kenvue Inc., a completely owned subsidiary comprising its Consumer Health business, later this 12 months. The corporate goals to lift as much as $3.5 billion within the IPO, which comes at a time of muted public offerings within the U.S. J&J’s Consumer Health activity involves self care, skin health and sweetness, and essential health brands, including Neutrogena, Aveeno, Dr. Ci:Labo, NeoStrata, OGX, Dabao and Le Petit Marseillais. J&J, which just launched a roadshow for the IPO, is offering 151.2 million shares of common stock of Kenvue, that are priced between $20 and $23 per share. J&J said that it expects to grant the underwriters a 30-day choice to buy as much as a...

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1 Jan

Consumer Fatigue Is Hitting the Beauty Industry, Launchmetrics Study

by Beautifaire101

Beauty, Featured

Consumer Fatigue Is Hitting the Beauty Industry, Launchmetrics Study

PARIS — Is consumer fatigue beginning to hit the beauty industry? A latest study by data research and insights company Launchmetrics suggests the reply is “yes” in its latest study, entitled “S1 ’22: Business of Beauty — Top 700 Performers.” That takes under consideration 741 beauty brands, a complete of $12.5 billion in media impact value, or MIV, and three.1 million placements. “While beauty is considered a reasonable luxury in a time of economic uncertainty, there was an increasing concern over consumer fatigue within the sector,” Launchmetrics wrote within the study. “Overall consumer engagement across social media has decreased year-over-year.” Launchmetrics said that while Instagram and YouTube proceed to be the juggernauts in driving reach, they've registered a decline of MIV on-year. Conversely, TikTok...

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23 Dec

Consumer Confidence Bounces Back, Spurs Holiday Retail Rally

by Beauty Tips

Fashion, Featured

Consumer Confidence Bounces Back, Spurs Holiday Retail Rally

Consumers bought slightly cheer back into the vacation season. The Conference Board’s closely watched Consumer Confidence Index rebounded in December following back-to-back monthly declines. The index rose sharply to 108.3 for this month, marking a rise from 101.4 in November and the very best reading since April. That was an enormous — and welcome — surprise as economists had penciled in one other decline, to 100.5. Wall Street ran with the news and pushed the market higher with the Dow Jones Industrial Average up 1.5 percent, or 488.03 points, to 33,337.77 in midday trading. Leading retail and fashion stocks was Nike Inc., which was also benefiting from a powerful quarterly profit report late Tuesday, and saw its refill 13.5 percent to $117.17 in midday trading. Among...

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