Overview

• e.l.f. Beauty closed its acquisition with $800 million in cash and stock at signing plus a potential $200 million earn-out over three years.
• Hailey Bieber steps into the role of Chief Creative Officer and Head of Innovation at Rhode while retaining her founder title.
• She is expected to lead creative strategy for her husband Justin Bieber’s new streetwear label SKYLRK.
• Legal analysts note that without a prenup, Justin Bieber could have a claim on a portion of the Rhode proceeds in a divorce settlement.
• Justin Bieber reportedly owes $8 million in debt from his canceled Justice tour while Hailey’s net worth is estimated at $300 million.