E.l.f. Beauty has acquired Hailey Bieber’s Rhode skincare brand in a $1 billion deal, the companies said. Bieber will stay as Rhode’s chief creative officer and head of innovation and also a strategic advisor to the combined companies. (May 29)

Hailey Bieber’s e.l.f. Beauty $1 billion deal

E.l.f. Beauty has acquired Hailey Bieber’s Rhode skincare brand in a $1 billion deal, the companies said. Bieber will stay as Rhode’s chief creative officer and head of innovation and also a strategic advisor to the combined companies. (May 29)