J&J’s shopper well being unit Kenvue went on sale. What does it imply for the membership?

Kenvue Inc. Johnson & Johnson’s consumer health business, trade information is displayed on a screen during the company’s initial public offering on the New York Stock Exchange (NYSE) in New York City, the United States, May 4, 2023.

Brendan McDermid | Reuters

Johnson&Johnson‘s (JNJ) consumer health unit kenvue (KVUE) is up more than 22% in its first day of trading on Thursday, bringing the club holding company one step closer to completing its business split. The proposed split, which is set to occur later this year, is in the best interests of shareholders of both Kenvue’s soon-to-be solo operation and the new pharma and medtech-focused J&J.

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