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China Distribution Disruption Drags Kenvue Results

Activist Investor Starboard Files Nominations For Four Board Seats

 
• By Malcolm Spicer

CEO Thibaut Mongon says Kenvue’s results for current quarter will be affected by “lingering impact of the distribution disruption we saw in China,” which “will take a little bit of time to fix.” Also, activist investor Starboard wants to bring “significant changes” to the board at firm’s annual shareholder meeting later in year.

(Source: Shutterstock)

Kenvue Inc.’s latest results show a moving target in the section of its business needing attention to spur sales growth as sales of the Listerine line and other essential health products dropped 4.1% in the fourth quarter while skin health and beauty product sales recovered to show slight growth.

Another target emerging for Kenvue management’s attention is Starboard Value and Opportunity Master Fund Ltd

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China Distribution Disruption Drags Kenvue Results

 
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