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Industry NewsJohnson & Johnson to spin off consumer brands

Johnson & Johnson to spin off consumer brands


One of the world’s biggest health and pharma companies will be split in two.

Johnson & Johnson plans to spin its consumer brands off into a new company, while a company retaining the Johnson & Johnson name would focus on vaccines, pharmaceuticals and medical devices. Both entities would remain publicly traded.

The to-be-named consumer company would contain brands like Tylenol, Listerine, Band-Aid, Neutrogena, Aveeno, Benadryl, Visine and many more, according to a report by Strategy Online.

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