Johnson & Johnson

The bankrupt biotech manufacturer-turned-beauty conglomerate has put Biossance, Jonathan Van Ness’ JVN and other lines up for sale. Is anyone buying?

The beauty giant is changing its parent company name and debuting non-acne products, signalling a shift in how shoppers are buying skin products today.

Large conglomerates have come under fire for showing support for the racial justice movement while manufacturing and distributing skin-whitening lotions. Some are taking action, but critics question whether it’s enough.

Johnson & Johnson will acquire Vogue International for $3.3 billion, adding brands such as OGX shampoos to a portfolio that includes Neutrogena and Clean & Clear.