Neutrogena Corporation,[1] trading as Neutrogena, is an American company that markets skin care, hair care and cosmetics owned by parent company Johnson & Johnson and is headquartered in Los Angeles, California.[2] According to product advertising at their website, Neutrogena products are distributed in more than 70 countries.[citation needed]
Neutrogena was founded in 1930 by Emanuel Stolaroff, and was originally a cosmetics company named Natone. Johnson & Johnson acquired the independent company in 1994.[3]
The company originally supplied to department stores and salons that catered for the Hollywood film industry.[4]
In 1930, Emanuel Stolaroff started a small company called Natone. Soon, it grew into a larger business, and he started expanding it into retail markets.[citation needed] Stolaroff met Belgian chemist Edmond Fromont in 1954, and acquired the rights to distribute his patented formula of a mild clear soap that cleared the skin, without drying it, in the US.[2] By then, Lloyd Cotsen had entered the Stolaroff family by marrying his daughter Joanne Stolaroff.[4] In 1962, the company name was officially changed to Neutrogena Corporation; Cotsen became president in 1967.[5]
The company listed publicly on the NASDAQ in 1973, with a market value of $1.2 million.[citation needed] Cotsen started marketing soap through two major channels: dermatologists and luxury hotels.[6] Neutrogena managed to stay clear of any major pricing wars, like those of other big corporations of that generation.[citation needed] It launched product lines in acne and anti-aging areas.[4] In 1982, profits reached US$3 million, and Cotsen was named the CEO.[4]
In 1994, Johnson & Johnson acquired Neutrogena for $924 million, at a price of $35.25 per share.[1] Johnson & Johnson's international network helped Neutrogena boost its sales and enter newer markets including India, South Africa, and China. Priced at a premium, Neutrogena products are distributed in over 70 countries. The company has major subsidiaries in Canada, United Kingdom, South Korea and India.[2]
Sunscreen recall
In July 2021, parent company Johnson & Johnson recalled four Neutrogena aerosol sunscreen products and one Aveeno branded spray from stores in the United States after detecting the carcinogenbenzene in some samples.[7][8] The company went on to state that benzene is not used in the manufacturing process of the sprays and said it began an investigation into the source of the contamination.[9][10]
References
^ ab"NEUTROGENA CORP, Form SC 14D9, Filing Date Aug 26, 1994". secdatabase.com. Retrieved May 15, 2018.
^Schwartz, Felicia (2021-07-15). "J&J Recalls Aveeno, Neutrogena Spray Sunscreens". The Wall Street Journal. ISSN 0099-9660. Retrieved 2021-07-15.
^"Johnson & Johnson sunscreen recall, Neutrogena Ultra Sheer and all the products affected". Newsweek. 2021-07-15. Retrieved 2021-07-15.
External links
Wikimedia Commons has media related to Neutrogena.
Official website
January 26, 2023
neutrogena, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, july, 2021, lea. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Neutrogena news newspapers books scholar JSTOR July 2021 Learn how and when to remove this template message Neutrogena Corporation 1 trading as Neutrogena is an American company that markets skin care hair care and cosmetics owned by parent company Johnson amp Johnson and is headquartered in Los Angeles California 2 According to product advertising at their website Neutrogena products are distributed in more than 70 countries citation needed Neutrogena CorporationTypeSubsidiaryIndustryCosmeticsFounded1930 93 years ago 1930 FounderEmanuel StolaroffHeadquartersLos Angeles United StatesArea servedWorldwideRevenueless than US 4 billion 2020 ParentJohnson amp JohnsonWebsiteNeutrogena comNeutrogena Norwegian Formula hand cream Neutrogena was founded in 1930 by Emanuel Stolaroff and was originally a cosmetics company named Natone Johnson amp Johnson acquired the independent company in 1994 3 The company originally supplied to department stores and salons that catered for the Hollywood film industry 4 Contents 1 History 1 1 Sunscreen recall 2 References 3 External linksHistory EditIn 1930 Emanuel Stolaroff started a small company called Natone Soon it grew into a larger business and he started expanding it into retail markets citation needed Stolaroff met Belgian chemist Edmond Fromont in 1954 and acquired the rights to distribute his patented formula of a mild clear soap that cleared the skin without drying it in the US 2 By then Lloyd Cotsen had entered the Stolaroff family by marrying his daughter Joanne Stolaroff 4 In 1962 the company name was officially changed to Neutrogena Corporation Cotsen became president in 1967 5 The company listed publicly on the NASDAQ in 1973 with a market value of 1 2 million citation needed Cotsen started marketing soap through two major channels dermatologists and luxury hotels 6 Neutrogena managed to stay clear of any major pricing wars like those of other big corporations of that generation citation needed It launched product lines in acne and anti aging areas 4 In 1982 profits reached US 3 million and Cotsen was named the CEO 4 In 1994 Johnson amp Johnson acquired Neutrogena for 924 million at a price of 35 25 per share 1 Johnson amp Johnson s international network helped Neutrogena boost its sales and enter newer markets including India South Africa and China Priced at a premium Neutrogena products are distributed in over 70 countries The company has major subsidiaries in Canada United Kingdom South Korea and India 2 Sunscreen recall Edit In July 2021 parent company Johnson amp Johnson recalled four Neutrogena aerosol sunscreen products and one Aveeno branded spray from stores in the United States after detecting the carcinogen benzene in some samples 7 8 The company went on to state that benzene is not used in the manufacturing process of the sprays and said it began an investigation into the source of the contamination 9 10 References Edit a b NEUTROGENA CORP Form SC 14D9 Filing Date Aug 26 1994 secdatabase com Retrieved May 15 2018 a b c Neutrogena com Archived 2011 05 08 at the Wayback Machine Hofmeister Sallie 23 August 1994 Johnson to Acquire Neutrogena The New York Times a b c d Company Perspectives While continuing the Neutrogena past Neutrogena Chairman Lloyd Cotsen Dies at 88 www usnews com 2017 Archived from the original on 2017 08 02 Gale Directory of Company Histories Neutrogena Corporation Neutrogena Suncreen recall Neutrogena Retrieved 2021 12 29 CDC Facts About Benzene Emergency Preparedness and Response Centers for Disease Control and Prevention CDC 2019 05 15 Retrieved 2021 07 15 Schwartz Felicia 2021 07 15 J amp J Recalls Aveeno Neutrogena Spray Sunscreens The Wall Street Journal ISSN 0099 9660 Retrieved 2021 07 15 Johnson amp Johnson sunscreen recall Neutrogena Ultra Sheer and all the products affected Newsweek 2021 07 15 Retrieved 2021 07 15 External links Edit Wikimedia Commons has media related to Neutrogena Official website Retrieved from https en wikipedia org w index php title Neutrogena amp oldid 1132759174, wikipedia, wiki, book, books, library,
