Johnson & Johnson 20211announced the spin-off, and the consumer health department became a new subsidiary, named Kenvue. The subsidiary has 44 brands, and its business is divided into two parts: one is medical care products, and the other is personal care products.
On May 4, 2023, Kenvue was listed on the New York Stock Exchange, and Johnson & Johnson became a dual-business company spanning medical equipment and medicine. Its performance is also regarded as one of the highlights of the whole medical and health field.