Cosmetics model e.l.f. (eyes, lips, face) is buying Hailey Bieber’s Rhode, the skincare model the mannequin and entrepreneur launched in 2022. The deal is price $1 billion, in response to a press launch.
“We will not wait to carry Rhode to extra faces, locations, and areas. From day one, my imaginative and prescient for Rhode has been to make important skincare and hybrid make-up you should utilize day by day,” Bieber, 28, mentioned in a press release. “Simply three years into this journey, our partnership with e.l.f. Magnificence marks an unbelievable alternative to raise and speed up our means to achieve extra of our neighborhood with much more modern merchandise and widen our distribution globally.”
Associated: Meet the Dermatologist Behind Rhode, Hailey Bieber’s Hit Pores and skin Care Model
Rhode sells a collection of skincare merchandise (toner, moisturizer, lip peptide gloss) with the purpose of creating “one among every little thing actually good.” She teamed up with BeautyStat entrepreneur and chemist Ron Robinson and dermatologist Dr. Dhaval Bhanusali to assist with the formulations.
“E.l.f. Magnificence discovered a like-minded disruptor in Rhode,” mentioned e.l.f. Chairman and CEO Tarang Amin, in a press release. “Rhode additional diversifies our portfolio with a fast-growing model that makes one of the best of status accessible. We’re excited by Rhode’s means to interrupt magnificence boundaries, totally aligning with e.l.f. Magnificence’s imaginative and prescient to create a unique sort of firm.”
“Rhode is a wonderful model that we imagine is prepared for rocketship progress,” Amin added.
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Rhode reported $212 million in web gross sales within the 12 months ended March 31, 2025, and plans to launch in Sephora all through North America and the U.Ok. earlier than the top of the yr, in response to the assertion.
Bieber mentioned she is moving into an “expanded position of Chief Inventive Officer and Head of Innovation.”
Rhode was the No. 1 skincare model in Earned Media Worth in 2024, representing 367% year-over-year EMV progress, in response to the discharge.
E.l.f. Cosmetics was based in 2004 (initially every little thing was solely $1!) and has reported 23 straight quarters of progress.
The sale has been accredited by the e.l.f. Magnificence Board of Administrators, in response to the discharge.
Cosmetics model e.l.f. (eyes, lips, face) is buying Hailey Bieber’s Rhode, the skincare model the mannequin and entrepreneur launched in 2022. The deal is price $1 billion, in response to a press launch.
“We will not wait to carry Rhode to extra faces, locations, and areas. From day one, my imaginative and prescient for Rhode has been to make important skincare and hybrid make-up you should utilize day by day,” Bieber, 28, mentioned in a press release. “Simply three years into this journey, our partnership with e.l.f. Magnificence marks an unbelievable alternative to raise and speed up our means to achieve extra of our neighborhood with much more modern merchandise and widen our distribution globally.”
Associated: Meet the Dermatologist Behind Rhode, Hailey Bieber’s Hit Pores and skin Care Model
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