Baby, Hair Care Pose As Models For J&J Consumer Health Business
This article was originally published in The Pink Sheet
J&J's Vogue hair care brand has the “agile, fast, flexible mindset” the firm looks to emulate across its other consumer brands, says CEO Alex Gorsky says at the J.P. Morgan Healthcare Conference. However, that strategy will be a challenge for sun care, where the firm does not want to sacrifice valuable science.
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J&J’s beauty business had 4.4% sales growth operationally in the third quarter to $1.03bn, boosted by the addition of Vogue brands. The unit helped offset slower sales of oral care and baby care products, which are competing with new market entries and online start-ups.