Kenvue Resolves Proxy Fight With Activist Starboard In a move to quell tensions and refocus its efforts towards growth, Kenvue recently announced the settlement of a contentious proxy fight with activist investor Starboard. The resolution comes after months of back-and-forth regarding the company’s performance in the skincare and beauty segment, ultimately culminating in a strategic […]
Report: Activist Investor Starboard Targets Neutrogena Owner Kenvue
In a significant development in the consumer products sector, hedge fund Starboard Value has acquired a stake in Kenvue, the parent company of well-known brands such as Band-Aid, Listerine, and Tylenol. This move comes at a challenging time for Kenvue, which has witnessed its stock price plummet by 18% since its IPO in May 2023. […]