Kimberly-Clark, a leading consumer goods company, is set to spin off its tissue products, including Kleenex, from its portfolio outside the United States. The move aims to create a new independent entity that will focus on global sales and distribution of these products. The exact terms and details of the spin-off are not yet publicly available.
Source: https://www.ft.com/content/a0a57d4e-b9fe-4bb1-8ca0-86704b166ea4