Baby, Hair Care Pose As Models For J&J Consumer Health Business
This article was originally published in The Pink Sheet
Executive Summary
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.
You may also be interested in...
Amazon OTCs Likely A Worry For Retailers, A Remedy For Perrigo
Amazon introduced Basic Care line of cough, cold, allergy and digestive treatment OTCs developed in a partnership with Perrigo. The range could be a major threat to store brand and private label OTCs, though success may depend on whether consumers wait for Amazon deliveries or shop at stores.
P&G Goes Native In Acquisition That Aligns With Peltz' Vision
P&G's purchase of Native deodorants likely is approved by activist investor and potential board member Nelson Peltz, who has pushed the firm to invest in small and local brands as well as natural products. Analysts believe more tuck-in deals could be in the offing to help the firm compete against rising e-commerce startups.
J&J Beauty Sales Offset Sluggish Oral, Baby Care Product Results
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.