ENLARGE People walk along a corridor at the headquarters of Johnson & Johnson in New Brunswick, N.J., in 2015. Vogue will “complement our consumer portfolio, while also presenting attractive hair care category growth opportunities for Johnson & Johnson,” said Jorge Mesquita, world-wide chairman of J&J’s consumer business. Photo: Mel Evans/Associated PressJohnson & Johnson said Thursday it would acquire a privately held hair products company for $3.3 billion cash, in a deal aimed at bolstering the health-products giant’s consumer business. Last year, J&J’s consumer business had $13.5 billion sales, down 8% largely due to a strong dollar. Vogue adds more hair-care products to J&J’s line-up.

Source: Wall Street Journal June 02, 2016 11:40 UTC