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E.l.f. Beauty Finalizes $1 Billion rhode Acquisition, Prepares $1 Price Increase

The brand will raise prices on August 1 to offset $50 million in annual costs from tariffs on Chinese imports.

E.l.f. CEO Tarang Amin said after the company raised prices due to tariffs, customers reacted positively to its transparency.
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Overview

  • This will be e.l.f.’s third price increase in its 21-year history, underscoring its previous restraint on cost adjustments
  • CEO Tarang Amin says customers have responded positively to the transparent notice of higher prices
  • On May 28, e.l.f. closed its $1 billion purchase of Hailey Bieber’s rhode brand, funding $800 million in cash and stock plus up to $200 million in earnouts
  • The company maintains about 75% of production in China while expanding output in Europe, Thailand and the U.S. to manage tariff risks
  • E.l.f. reported a 4% year-over-year rise in fourth-quarter net sales to $332.6 million and withheld fiscal 2026 guidance amid trade-policy uncertainty