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Kenvue was spun off from Johnson & Johnson in 2022.
It had anything to do with taking heat for one of their products. Their consumer products (such as Aveeno, Band-Aid, Neutrogena, and Tylenol) were placed under Kenvue while Johnson & Johnson maintained the pharmaceutical and medical device sectors. Other pharmaceutical companies made similar moves recently including Merck, which sold its consumer health business to Bayer in 2014 and Pfizer, which merged its consumer health division with that of GSK in 2019.
Kenvue manufactures:
Aveeno
Band-Aid
Benadryl
Combantrin
Johnson's Baby
Listerine
Lactaid
Mylanta
Neutrogena
Trosyd
Calpol
Tylenol
Visine