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Report: Activist Investor Starboard Targets Neutrogena Owner Kenvue

Per The Wall Street Journal, the hedge fund has taken a stake in the ailing consumer products firm, which has seen its stock price slide more than 18 percent since going public last year.
A model holding Neutrogena products
Activist investor Starboard targets Neutrogena owner Kenvue. (Shutterstock)

Hedge fund Starboard Value has taken a stake in Kenvue, the consumer products company that makes Band-Aid, Listerine, and Tylenol, and which went public last year, two people familiar with the matter said on Sunday.

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