Johnson & Johnson announced sales of $20.8 billion for the second quarter of 2018, an increase of 10.6 percent as compared to the second quarter of 2017. Operational sales results increased 8.7 percent and the positive impact of currency was 1.9 percent. Domestic sales increased 9.4 percent. International sales increased 11.8 percent, reflecting operational growth of 7.9 percent and…
J&J Worldwide Chairman To Retire; Executive Committee Changes Announced
Johnson & Johnson announced Friday that Sandra (Sandi) E. Peterson, group worldwide chairman for Johnson & Johnson, has announced her plans to retire from J&J effective October 1, 2018. During her career at Johnson & Johnson, Peterson exercised strong portfolio discipline in the businesses she has led, clarifying priority markets and segments, and shepherding numerous deals, acquisitions…
Johnson & Johnson To Acquire LifeScan, Inc.
Johnson & Johnson has accepted the binding offer from Platinum Equity, previously announced on March 16, 2018, to acquire its LifeScan business for approximately $2.1 billion. LifeScan, Inc. is a world leader in blood glucose monitoring and maker of the OneTouch brand of products. This acceptance was made after consultation with relevant works councils and trade unions. The…