THE WHAT? Kenvue has announced that it is set to reduce its global headcount by 4 percent as part of a wider efficiency plan. Restructuring costs have been pegged as US$275 million per year for the next two years.
THE DETAILS According to a report published by Bloomberg, the Johnson & Johnson spin off has some 22,000 employees. The company expects to reinvest a portion of the cost savings realized through the restructure.
THE WHY? Chief Financial Officer, Paul Ruh told Bloomberg, “These initiatives will enable Kenvue to adjust its cost structure and ways of working.” The markets clearly approved of the plan; shares in the Aveeno owner climbed 4 percent on the back of the news.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
