Hailey Bieber's beauty brand Rhode sold in a $1 billion deal

Hailey Bieber, the model and beauty entrepreneur, has struck a monumental deal, selling her skincare brand, Rhode, to e.l.f. Beauty for a potential $1 billion. Launched in 2022, Rhode quickly gained popularity, achieving $200 million in net sales last year. Bieber will remain as chief creative officer, aiming to expand the brand's reach and product innovation through this partnership.

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