Hailey Bieber's LBD? A Little Billion Dollar Dress, Of Course - Here's How To Wear One Now
The LBD has a new meaning in the hands of Hailey Bieber. The beauty entrepreneur, who announced the sale of her business, Rhode, just yesterday, stepped out to celebrate the news in Los Angeles wearing what we might have once called a Little Black Dress. Today, however, we're christening it in a new moniker: The Little Billion Dollar Dress.
FIND OUT MORE AT ELLE COLLECTIVE
Our new name for the classic Saint Laurent mini comes directly from the business of being Bieber as, pending approvals, she will sell Rhode to Elf Beauty for a cool $1billion. Should things go ahead as anticipated then it'll be one of the biggest beauty acquisitions in recent years. An impressive feat considering the brand was only birthed in 2022.
Even though Rhode, the purveyor of the world's most photographed lip balm, moves into its new chapter, Bieber will still captain its ship to become its founder, chief creative officer and head of innovation. Why have one title when you can have all three? '[The position] expands my role into the world of beauty even more, and I just want to continue being a force in the space globally,' Bieber told Vogue Business.
It's easy to understand why Bieber might have dressed as she did for dinner as the news of the sale went expectedly viral on social media. An LBD has long been a signifier of a celebration and good times and boy did she have much to celebrate last night. Yet, for all its connotations as being the party girl's uniform of choice there was still a midweek restraint to this business boss' approach.
Over the top diamonds and accessories were abandoned for a starkness that the boardroom would appreciate. The strapless style was paired with razor-sharp Saint Laurent stilettos and a stealth timepiece on the wrist. That being said, a pair of sunglasses remained intact to prove that though Bieber might be the big boss now, she's still an LA It-girl at heart.
To take on Bieber's approach would be to streamline a classic in a way that feels fresh. While the desire to over play a piece as simple as this can be alluring, pulling back can add great fashion kudos. So, choosing a great pair of shoes (ideally pumps with a striking toe front) and simple jewellery shall more than suffice.
Freelancer
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Justin Bieber Dragged For Saying He Would Have 'Got Rid' Of Wife Hailey If She Wasn't 'Hot' In Resurfaced Clip
Hailey Bieber's fans are furious at her husband, Justin Bieber, over a resurfaced video in which he made "disgusting" comments about her. The pop star also garnered the ire of fans after he admitted that he once told her that she'd never land a Vogue magazine cover during an argument. Hailey Bieber recently sold her Rhode Beauty line for $1 billion, and Justin Bieber opted not to share any comments regarding her business achievement, likely due to recent backlash over the Vogue cover. Justin continues to receive backlash over his actions towards his wife, with the latest incident stemming from a resurfaced video showing him making "disgusting" comments about her body. The couple tied the knot in 2018 and welcomed their son, Jack Blues, in August of last year, but their relationship has been plagued by rumors of marital discord and potential split amid Justin's recent controversial actions. In the video, Hailey and Justin are sitting in a car as the "Baby" singer faces the camera, and jokingly calls her "clueless," noting that he only listens to her because she's his wife. "If you weren't so hot, I would've gotten rid of you a long time ago," he added, prompting Hailey to say, "Oh, too bad for you." Fans of the businesswoman on social media were furious over the comments, as some tagged them "inappropriate." "Justin, that is a RUDE and DISGUSTING thing to say to your wife. You aren't hot, btw. Disrespect a woman like that? Red flag," a fan wrote. Another fan said that what Justin told Hailey was "a crazy thing to say to your gf/fiance/wife." A third person noted, "No words. That man would never see me again, or he would never see the light of day again." "She gets treated this way by her husband AND gets the worst internet hate I would have SNAPPED," another X user said of the old video. One more person commented, "I don't particularly care for Hailey, but she deserves so much f-cking better than him, oh my God." The unearthed clip comes after Justin faced backlash for sharing that he told Hailey she would never be on the cover of Vogue. The 28-year-old had just graced the cover of Vogue Magazine and was in celebratory mode, but was overshadowed by Justin's controversial comment, which was meant to celebrate her. In his post, the singer explained why Hailey's appearance on the cover of the prestigious fashion publication was a full-circle moment for him. "Yo this reminds me when Hailey and I got into a huge fight. I told Hails that she would never be on the cover of Vogue," Justin said. "Yikes, I know, so mean. For some reason, because I felt so disrespected, I thought I gotta get even." He continued, "Think as we mature, we realize that we're not helping anything by getting even... we're honestly just prolonging what we really want, which is intimacy and connection." Justin concluded his post by writing a message directly to Hailey, which read: "So baby u already know but forgive me for saying u wouldn't get a Vogue cover cuz clearly I was sadly mistaken." Hailey scored a major win on Wednesday when she sold her Rhode beauty brand for $1 billion. She took to her Instagram account to make the announcement, noting that she'll now serve as the company's founder, Chief Creative Officer, and Head of Innovation following its sale. In her post, she made no mention of Justin but thanked her "amazing Rhode team" as well as her "Rhode community. After her announcement, she was seen arriving at West Hollywood restaurant Alba on Wednesday to celebrate the success, but was without the company of her husband. Justin also raised eyebrows when he reposted the announcement to his Instagram account, but declined to write anything in the caption, nor did he praise her for the feat. He additionally uploaded a separate carousel of images that showed them cozying up together. Hailey's career milestone came after an insider shared growing concern over the state of their marriage. One of the sources alleged that the tension between the duo has increased exponentially in the wake of the singer showcasing several questionable behaviors on social media and in public. "I don't know how long they will be together or if they'll wait until things explode, but the situation is getting more unbearable week after week," the insider told The Sun. Although all of this tension isn't apparent when the couple is out in public, they reportedly "avoid being in the same room" when they are at home. "Then they also travel a lot separately," the insider added about the couple who tied the knot in 2018. "They mostly do their own thing when they have time off. The situation is explosive."
Forbes
7 hours ago
- Forbes
E.L.F. Continues To Disrupt The Beauty Business By Acquiring Hailey Bieber's Rhode For $1 Billion
Ever since E.l.f. Beauty came on the scene, it's been in the business of disrupting the beauty industry. 'We were founded in 2004 and have sought to disrupt the traditional beauty model of high prices, long product cycles and traditional advertising,' it stated in its first annual report after going public in 2016. True to its word, it has been remarkably successful, ranking as the number one cosmetics brand in the U.S. in unit sales and number two in dollar share, according to Nielsen. Yet there's no shame in being number two in dollar share since its average unit price is well under that of other cosmetics brands and is likely to remain so even after an across-the-board $1 price increase takes effect in August. Afterwards, 75% of its products will remain under $10. Now E.l.f. has done it again. It's acquired Hailey Bieber's phenomenally successful Rhode brand for $800 million – $600 million in cash and $200 million in stock – payable at closing, expected in the second quarter, with the potential for an additional $200 million payout on the future growth of the brand over the next three years, for a total $1 billion. 'e.l.f. Beauty found a like-minded disruptor in rhode,' e.l.f. chairman and CEO Tarang Amin said in a statement. 'rhode further diversifies our portfolio with a fast-growing brand that makes the best of prestige accessible. We are excited by rhode's ability to break beauty barriers, fully aligning with e.l.f. Beauty's vision to create a different kind of company. rhode is a beautiful brand that we believe is ready for rocketship growth.' This is a hugely big deal for E.l.f., being only its third acquisition since acquiring clean-beauty brand W3ll People, now marketed as Well People, for $27 million in 2020 and skincare brand Naturium for $355 million in 2023. It's also big by recent industry standards, although there have been a few bigger. In 2023, L'Oréal paid $2.5 billion for Aesop – its largest acquisition at the time. But Aesop came with nearly 400 stores, unlike Rhode, which grew to $212 million in sales exclusively via e-commerce and occasional pop-up shops. However, it will launch in Sephora later this year. Also in 2023, Estée Lauder paid $2.8 billion for the Tom Ford brand, but it also included a fashion business, handled by partner Ermenegildo Zegna, and eyewear, now managed by Marcolin. Last year, Estée Lauder followed by completing the $1.7 billion acquisition of Deciem with its flagship The Ordinary skincare brand. However, it has been partnering with Deciem since 2017 after making an initial investment in the brand. Yet the $1 billion price tag for Rhode is a stretch for a brand that has only been in business for three years with a limited ten product range with prices starting at $18 for lip tint to $32 for its signature 'glazing milk,' well above E.l.f. comfort zone. The closest comparable is the $600 million Coty paid for a 51% stake in Kylie Jenner's Kylie Cosmetics with a total $1.2 valuation, but according to Forbes, that partnership has been rocky. In his Substack 'Making Cents' newsletter, Drew Fallon, former CFO of Mad Rabbit and CEO of Iris Finance, wrote, 'For me, the biggest takeaway is honestly the 3 years thing. I can't get over that, it's insane. Combine this with the fact that Rhode's products are innovative (i.e., potentially not durable) and I think this move is ALMOST desperate by E.L.F.' TD Cowen's Oliver Chen shares that concern. 'The main question with the Rhode acquisition is whether the brand has longevity beyond its celebrity hype.' There's no question that Bieber has capitalized on her celebrity status – she's the daughter of actor Stephen Baldwin and married to singer-songwriter and pop-icon Justin Bieber – but Rhode's success goes far beyond that. 'She is a celebrity, but what drove the valuation so high was the authenticity, the community building – 11 million followers on Instagram – and the very methodic and deliberate approach to product development,' shared Dr. Brent Ridge, who with business partner and husband Josh Kilmer-Purcell founded Beekman 1802 goat milk skincare brand. Ridge a great admirer of what E.l.f. and what Bieber and her Rhode team have accomplished. In fact, Beekman 1802 has followed much the same path, what he and Kilmer-Purcell call the principles of 'G.O.A.T. Wisdom,' which they've detailed in a book of the same name. The methodical, deliberate approach to product development that Ridge talks of – and that can also be called disruptive – is exemplified by signature Rhode products. Bieber coined the term 'glazed donut skin' to describe healthy, dewy and glossy skin. Rhode delivers the means to achieve it in a four-step skincare kit. And what Bieber started has turned into a glazed donut skin trend that has inspired many other brands, including E.l.f., which launched 'Donut Forget Putty Primer' in partnership with Dunkin' donuts. Extending beyond beauty, Bieber combined the award-winning Rhode Peptide Lip Tint with a iPhone cell phone case to carry these two everyday essentials everywhere. And Rhode tied the glazed donut skin trend with Peptide Lip Tint in collaboration with Krispy Kreme in a limited edition 'Strawberry Glazed Donut' colored and flavored tint. 'What gave us the conviction for a billion-dollar deal is Hailey and Rhode's track record and what they've been able to build and achieve with such a level of conviction and depth with their community and in the market,' E.l.f.'s Amin said to Vogue Business. 'But the thing that made us interested is that she is a fellow disruptor and that gives me a lot of confidence when I'm looking at a long-term M&A environment.' This deal comes at a pivotal time for E.l.f. Its revenues have grown from $230 million in 2016 – about where Rhode is today – to $1.3 billion in fiscal 2025. Most notably, E.l.f. more than doubled sales over the last two years – 2023 revenue reached $579 million. And it nearly doubled net income over the same period, from $62 million to $112 million this year. However, growth slowed significantly in the most recent fourth quarter, ending Mar. 31. Revenues rose a mere 4% over same period previous year, not bad relative to others in the industry, but way below recent levels. It averaged 56% quarterly growth since 2023 and it hasn't been so slow since 2019. Clearly, the Rhode acquisition will give a boost to E.l.f's growth in the coming quarters as E.l.f.'s dynamic product development engine is expected to help Rhode expand its product range, all the while maintaining its core brand DNA. Bieber will stay as the brand's chief creative officer and head of innovation, as well as act as a strategic advisor to Amin and the combined companies. E.l.f. has another celebrity-founded brand, Keys Soulcare with Alicia Keys. Rhode CEO Nick Vlahos, previously CEO of The Honest Company and prior to that with Clorox and Burt's Bees, will remain with the brand along with co-founders Michael and Lauren Ratner. Michael serves as co-executive chair of Rhode's board and Lauren is President and chief brand officer. 'We can't wait to bring rhode to more faces, places, and spaces. From day one, my vision for rhode has been to make essential skin care and hybrid makeup you can use every day,' Bieber said in a statement. Coming from his G.O.A.T. Wisdom perspective, Dr. Ridge sees the E.l.f.-Rhode partnership as a match made in heaven, 'marrying a business powerhouse that has mastered disruptive marketing and product-market fit with a brand that has successfully de-centered its celebrity founder while still managing to capitalize on her for key moments.' 'Making Cents' Fallon is more reserved. 'In short, this HAS to work. They just bet the company on it. If this is another Kylie Cosmetics moment, E.L.F. will be the next Coty, a stock chart that doesn't look very fun.' See also:
Yahoo
10 hours ago
- Yahoo
E.l.f. Soars After $1 Billion Pow(d)er Move to buy Hailey Bieber's Rhode
Haley Bieber has the face that launched a thousand beauty trends — from latte makeup to glazed donut skin and other looks that sound like they're straight off a Starbucks menu. A few years ago, Bieber began using her star power for her own brand, Rhode. E.l.f. Beauty's stock jumped 24% yesterday after the company announced it would acquire Bieber's skincare and makeup startup in a $1 billion deal consisting of $600 million in cash and $200 million in shares, plus a potential $200 million results-based bonus to sweeten the pot. READ ALSO: Shrinking GDP Shows Tariffs' Impact as Courts Scrutinize Their Legality and Omada Health Preps to Go Public as IPO Market Revives At less than three years old and with just 10 products, Rhode is a rocket ship. It garnered $212 million in net sales last year and doubled its customers. Sephora said last week it would start carrying Rhode at stores in the US, UK, and Canada. Rhode is E.l.f.'s biggest acquisition so far as it looks to push beyond budget buyers: Both E.l.f. and Rhode are favorite brands among Gen Z TikTokers. But while E.l.f. goes viral for budget-friendly 'dupes,' like a Dior-ivative $8 lip oil, Rhode sells premium products, like a $40 lip peptide treatment. E.l.f. could capture more of the market by buying Rhode, hoping that customers concerned about the economy will either trade down to buy its namesake line or splurge on the high end. While E.l.f. beat analysts' sales and profit estimates last quarter, the company told investors earlier this year that it's seeing cooling demand across the beauty market. Last week, E.l.f. said it'll have to raise prices by $1 (a big jump for $3 eyeliner) to offset tariffs in China, where 75% of its products are made. Time for a Touch-up. As Big Beauty braces for tariffs, smaller brands like Rhode are proving resilient. Dealmaking has sputtered since the years around 2020, when brands like Deciem/The Ordinary and Kylie Cosmetics were scooped up. But E.l.f.'s buy could inspire more deals in the sector — a new wave of celeb-backed beauty brands could be attractive buys (or go public), including Selena Gomez's Rare Beauty and Emily Weiss's Glossier. Tapping brands that come with built-in fan bases could protect beauty's biggest companies. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
