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flag e.l.f. Beauty acquires Hailey Bieber's skincare brand Rhode for up to $1 billion, entering the luxury market.

flag e.l.f. flag Beauty is acquiring Hailey Bieber's skincare brand Rhode for up to $1 billion, marking a major move into the luxury beauty market for e.l.f., known for its affordable cosmetics. flag Rhode, launched in 2022, has achieved over $212 million in net sales within a year. flag Bieber will serve as chief creative officer and head of innovation. flag The deal includes $800 million at closing, with potential earnouts of $200 million based on performance. flag It is expected to close in the second quarter of fiscal 2026, subject to regulatory approval. flag Rhode plans to launch in Sephora stores later this year.

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