March 23 (Reuters) - Investment firm TOMS Capital
Investment Management has amassed a stake in the Band-Aid maker
Kenvue ( KVUE ) and is pushing the company to consider a full
sale or separation of some assets, Bloomberg News reported on
Sunday, citing people with knowledge of the matter.
It was not immediately clear the extent of the hedge fund's
total stakeholding in Kenvue ( KVUE ).
Kenvue ( KVUE ), previously a part of Johnson & Johnson ( JNJ ),
settled a four-month battle with activist investor Starboard
Value earlier this month by appointing three new directors to
its board as part of an agreement.
Starboard Value built a stake in Kenvue ( KVUE ) in October, sparking
criticism over the lackluster performance in the skin health and
beauty segment, which houses brands such as Neutrogena and
Aveeno.
TOMS Capital declined to comment and Kenvue ( KVUE ) did not
immediately respond to a Reuters request for comment, while a
spokesperson for Kenvue ( KVUE ) told Bloomberg News, "Kenvue's ( KVUE ) board and
management team are committed to acting in the best interests of
the company and all shareholders and we remain focused on
accelerating sustainable, profitable growth and enhancing
shareholder value."