e.l.f. Beauty Acquires Hailey Bieber’s rhode for $1 Billion

May 30, 2025

e.l.f. Beauty agreed to acquire Hailey Bieber’s skincare brand rhode in a deal valued at approximately $1 billion. The acquisition gives e.l.f. a foothold in the prestige skincare channel (rhode will continue to operate from Los Angeles with Hailey Bieber remaining as chief creative officer) and is being financed in part with new debt.

Buyers
e.l.f. Beauty
Targets
rhode
Sellers
Hailey Bieber
Location
California, United States
Transaction Type
Buyout

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