03.06.2016 - Johnson & Johnson expands business
The company Johnson & Johnson announced its intention to buy the manufacturer of goods for the hair care Vogue International for 3.3 billion dollars. It is worth noting that recently the Johnson & Johnson was getting rid of brands that show poor growth and are interested in rapidly developing brands. Last year, consumer business Johnson & Johnson showed a decline in sales by 8% to 13.5 billion dollars, due to an increase of the US dollar. At the same time sales of Vogue International exceeded 300 million dollars, which was 25% more than in the previous period. We forecast growth of Johnson & Johnson shares by 10-12% in the near future.