e.l.f. Acquires Rhode for $1B: Is Beauty More Profitable Than Bieber’s Music Catalog?
@Tiger_SG:
Recently, US beauty giant $e.l.f. Beauty Inc.(ELF)$ announced its acquisition of Hailey Bieber's skincare brand, Rhode, for a whopping $1 billion. Meanwhile, Justin Bieber reportedly sold his nearly 300-song catalog to Hipgnosis Songs Capital for $200 million. Let’s break down e.l.f.’s Rhode acquisition deal:$600 million in cash (~4.32 billion RMB)$200 million in e.l.f. stock (~1.44 billion RMB)Up to $200 million in performance-based payouts over the next three yearsJust like that, Hailey Bieber has officially become a billionaire. But what exactly is Rhode, the brand that flipped Hailey’s fortunes?It all started with a viral lip gloss phone case—a minimal, creamy-colored phone case with a lip gloss tube snapped into the back. Initially designed fo