Update: Market Chatter: Kenvue Urged by TOMS Capital to Consider Sale, Spinoff of Assets

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Update: Market Chatter: Kenvue Urged by TOMS Capital to Consider Sale, Spinoff of Assets

, MT Newswires - 9:53 AM ET 3/24/2025 default

09:53 AM EDT, 03/24/2025 (MT Newswires) -- (Updates with company responses in third and fourth paragraphs.)

Kenvue ( KVUE ) is being urged by investor TOMS Capital Investment Management to consider selling the company or spinning off some of its assets, Bloomberg reported Monday.

TOMS Capital has been accumulating shares in the company that was spun out of Johnson & Johnson ( JNJ ) in 2023, the report said, citing sources with knowledge of the matter.

"The company does not comment on any individual investor discussions," a Kenvue ( KVUE ) spokesperson said in an emailed statement.

TOMS Capital declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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