Elf Have Acquired Hailey Bieber's Brand Rhode For $1 billion
For beauty giant e.l.f. Beauty? The move to acquire Rhode makes perfect sense. e.l.f already owns Keys Soulcare and Naturium, and of course, their eponymous e.l.f. Cosmetics which is known for its affordability. The cultural clout of Rhode combined with e.l.f's impressive business acumen? A beauty match made in heaven.
Hailey Bieber attends the Rhode UK launch party
Of the acquisition, Bieber took to Instagram to issue a statement:
'I launched @rhode in 2022, I always had big dreams for the company, and the most important thing to me is to keep bringing rhode to more spaces, places, and faces globally. So today I am so incredibly excited and proud to announce that we are partnering with e.l.f. Beauty as we step into this next chapter in the world of rhode. I found a like-minded disruptor with a vision to be a different kind of company that believes in big ideas and innovation in the same way that I do and will help us continue to grow the brand. I feel invigorated, excited and more ready than ever to step into an even bigger role as Chief Creative Officer, and Head of Innovation of rhode as well as strategic advisor to e.l.f. Beauty. Thank you to the amazing rhode team who have helped me build over the years. I couldn't have done it without all of you. And to our rhode community, thank you for being the most supportive and for being on this journey, this next chapter is going to be even more incredible together!'
Bieber's plans to remain at the heart of Rhode are clear, with fellow make-up maven Gucci Westman among the first to share her congratulations. What's next for Rhode? Watch this space...
Has Rhode Been Sold To ELF?
Yes, on the 28th of May 2025 it was announced that e.l.f. had acquired Hailey Bieber's Rhode for 3 billion dollars.
Does Hailey Bieber still own Rhode?
While e.l.f now own Rhode, Hailey will take on the position of Chief Creative Officer and Head of Innovation.
Is Hailey Bieber the CEO of Rhode?
e.l.f. Beauty Chairman and CEO Tarang Amin is likely to be Rhode's official CEO now, while Hailey Bieber will continue as founder. She will also take on the position of Chief Creative Officer and Head of Innovation.
Rachael Martin is Grazia's Beauty Editor. Originally from Northern Ireland, she studied English Literature at Queen's University Belfast, before moving to London to pursue a career in magazine journalism. After interning at Stylist and Harper's Bazaar she dipped her toes into the world of beauty writing and never looked back. Follow her on Instagram @rachael.alice.martin
Main image credit: Instagram @HaileyBieber
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