Hailey Bieber and co-founder Lauren Ratner have sold their skincare brand Rhode to e.l.f. Beauty for up to $1 billion. Bieber emphasized that the decision was driven by a desire to ensure the brand's future stability and creative direction, rather than solely by the financial offer. She expressed relief that e.l.f. Beauty has upheld its promise to allow Rhode to continue operating with significant creative autonomy, with Bieber retaining a key role in product innovation and serving as a strategic advisor to the parent company. AI
RANK_REASON Acquisition of a consumer brand by a larger company, not a frontier AI release.
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