High Margin Business: Is Beauty Product Your Choice?
Recently, US beauty giant e.l.f. Beauty announced its acquisition of Hailey Bieber's skincare brand, Rhode, for $1 billion. Meanwhile, Justin Bieber reportedly sold his nearly 300-song catalog to Hipgnosis Songs Capital for $200 million. After last week’s earnings, ELF jumped 23% on the day. By contrast, Estée Lauder and other traditional brands have struggled to stay relevant. Do you think Rhode is worth $1 billion—or is this another overhyped celeb brand? Would you buy a product for identity and emotional value rather than function? Is the beauty industry a high-margin business?
+ Follow
+0