Kenvue acquisition

Kimberly‑Clark, the American household‑goods conglomerate best known for brands such as Kleenex and Huggies, announced a landmark acquisition that will see it take control of Kenvue, the consumer‑health company that owns the iconic Tylenol brand. Valued at roughly $40 billion, the deal is one of the largest in the consumer‑products sector...

In a bold move, consumer products giant Kimberly-Clark has agreed to a $40 billion deal to acquire Kenvue, the manufacturer of the iconic pain reliever Tylenol. The acquisition signals Kimberly-Clark's confidence in the long-term prospects of the brand, despite recent controversies surrounding the product's safety. Tylenol, a household name for...