Latest news with #Beauty
Yahoo
18 hours ago
- General
- Yahoo
Ancient Mayan city unearthed, including pyramids and canals
Archaeologists have unearthed the remains of a Mayan city nearly 3,000 years old in northern Guatemala, with pyramids and monuments that point to its significance as an important ceremonial site, the Central American country's culture ministry said Thursday. The Mayan civilization arose around 2000 BC, reaching its height between 400 and 900 AD in what is present-day southern Mexico and Guatemala, as well as parts of Belize, El Salvador and Honduras. The city named "Los Abuelos," Spanish for "The Grandparents," once stood some 13 miles from the important archaeological site of Uaxactun, in Guatemala's northern Peten department, the ministry said in a statement. It is dated to what is known as the "Middle Preclassic" period from about 800 to 500 BC, and is believed to have been "one of the most ancient and important ceremonial centers" of the Mayan civilization in the jungle area of Peten near the Mexican border, it added. "The site presents remarkable architectural planning," with pyramids and monuments "sculpted with unique iconography from the region," said the ministry. The city takes its name from two human-like sculptures of an "ancestral couple" found at the site. The figures, dated between 500 and 300 BC, "could be linked to ancient ritual practices of ancestor worship," said the ministry. "Unique canal system" The city, which covers an area of about six square miles, was discovered by Guatemalan and Slovak archaeologists in previously little-explored areas of the Uaxactun park. Nearby, they also found a pyramid standing 108 feet high with murals from the Preclassic period and "a unique canal system," according to the statement. "The set of these three sites forms a previously unknown urban triangle... These findings allow us to rethink the understanding of the ceremonial and socio-political organization of pre-Hispanic Peten," said the ministry. Officials released a video showing archaeologists digging at the site and recovering a variety of artifacts, as well as an animation of the complex. In April, scientists discovered a 1,000-year-old altar from Mexico's ancient Teotihuacan culture at Tikal, elsewhere in the Peten department. That find was interpreted as proof of ties between the two pre-Hispanic cultures, which lived about 800 miles apart. Archaeologists also said that the altar was believed to have been used for sacrifices, "especially of children." Tikal, about 15 miles from Uaxcatun, is the main archaeological site in Guatemala and one of its biggest tourist attractions. Last October, an American doctoral student discovered a sprawling Maya city within a dense jungle in Mexico. Scientists and archaeologists have discovered ancient Mayan ruins by shooting lasers down from a plane to penetrate the dense jungle. E.l.f. Beauty calls Hailey Bieber an industry disruptor amid Rhode sale These 3 record breakers have one thing in common Reporter's Notebook: John Dickerson reflects on his spelling woes
Scottish Sun
19 hours ago
- Business
- Scottish Sun
Why Hailey Bieber's transformation from nepobaby fangirl to billionaire tycoon spells disaster for spiralling Justin
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) [authenticated-html ] [/authenticated-html] Sign up for the Entertainment newsletter Sign up SHE'S been slammed as the ultimate nepo-baby and fangirl, who married her celebrity crush and then spent years riding off his coattails. But Hailey Bieber got the last laugh this week, after revealing that her massively successful make-up brand, Rhode, has now been sold to e.l.f a whopping $1bn. 13 Hailey has announced the $1bn sale of her brand Rhode to e.l.f. Beauty Credit: Instagram/haileybieber 13 The new deal will see her assume the new role of Chief Creative Officer, Head of Innovation of Rhode, and strategic advisor to e.l.f. Beauty 13 Hailey's now eclipsing husband Justin in fame and fortune Credit: Getty Meanwhile, her husband Justin Bieber seems to be digging himself into an even bigger hole, as he continues his downward spiral - amid rumours that he's squandered millions of his own fortune in recent years. Now, the gulf between them seems to be wider than ever. And with Hailey, 28, all set to take on 'an even bigger role' as part of her brand's acquisition, it looks like the power dynamic has switched between them for good. She's now officially the breadwinner, and it's Justin who's riding off Hailey's coattails. Taking to Instagram to announce the deal this week, the beauty icon told her followers: 'When I launched Rhode in 2022, I always had big dreams for the company and the most important thing for me is to keep bringing Rhode to more spaces, places and faces globally.' She added that she felt 'invigorated, excited and even more ready than ever' to assume her new role as Chief Creative Officer, Head of Innovation of Rhode, and strategic advisor to e.l.f. Beauty.' Hailey's done this on her now outshining Justin Brand and culture expert Nick Ede Speaking exclusively to the Sun, brand and culture expert Nick Ede tells us that Hailey's brand sale is a master stroke - elevating her to the big leagues. And what's even more impressive is that - unlike her BFF Kylie Jenner - she didn't have a reality TV show or sisters with millions of followers behind her to bolster her brand. 'Hailey hasn't had the power of a TV show like the Kardashians, or Rihanna with her music before launching her brand, Fenty,' says Nick. 'She's done this really on her own. Obviously, she's become more famous because of her husband, but she's now outshining him in every way.' Troubled Justin Bieber gives fans a peek inside his night as he skips Met Gala & leaves Hailey to attend big event alone 13 The beauty mogul landed her first ever solo cover for US Vogue this month, cementing her star status Credit: Vogue 13 Justin's recent appearance has caused concern Credit: BackGrid He adds that - unlike some celebrities who put their names to a business, but then check out - Hailey's been heavily involved in every facet of making Rhode a success. And even though she's now struck gold, she's staying committed to growing the business. Nick explains: 'Hailey's not just taking the cheque and leaving. She still wants to be at the helm of the brand, be innovative, and talk to her customers online. 'And with e.l.f. Beauty, they can expand it globally, because a lot of high street shoppers might not actually know about the brand [yet]. This is a very exciting time for her.' Different paths It's certainly a surprising outcome for the Biebers - considering where they both stood in the pecking order when they got married in 2018. Back then, Justin was at the height of his global fame and fortune, having reportedly amassed a fortune of up to $500m. Meanwhile, Hailey was wealthy thanks to her family connections - her father is the The Usual Suspects star Stephen Baldwin - and her credentials as an LA influencer and model, but she hadn't quite made it to the big leagues. Their early years of marriage were spent travelling around the world for Justin's career - with Hailey playing the role of loyal and dutiful wife. However, the balance first started to shift in 2022, when Hailey launched her beauty brand during COVID lockdown. 13 Hailey has said she found a new sense of confidence after welcoming her and Justin's nine-month-old son Jack Credit: Instagram/haileybieber 13 A decade ago, she was mostly known for being the BFF of Kylie Jenner (pictured together in 2015) but she's now rivalled her friend's success Credit: Getty She's said she was heavily influenced by her mother, model Kennya Baldwin, who had long taught her about the importance of a good skincare routine. As one of Instagram's most popular influencers - with a following of 55m - Hailey, who shares nine-month-old son Jack with Justin, leveraged the power of social media. She duly came up with products that her Gen Z followers couldn't get enough of and couldn't wait to share - including her viral phone case that holds her signature lip gloss. Her range also includes skin milks, peptide lip tints, cleansers and moisturisers, which have all been praised highly by skincare experts across the board. Authentic ambassador Nick tells us that the strength of her brand - ever since she launched it three years ago - has been in its authenticity. Just like Victoria Beckham with her own beauty brand, Hailey has spotlit all the products herself, proving to be its greatest asset and ambassador. 'Hailey promotes the products on social media herself,' he says. 'That makes people feel they have their friends recommending things to them. 'Plus, what's great about her [as the face of the brand] is she's elegant. "She's absolutely gorgeous, and pretty natural in many ways compared to other stars we see today who've had so many surgeries. 'She's stylish, sophisticated and is an elegant brand ambassador and entrepreneur.' Ironically, just as Hailey's star started to ascend three years ago with the creation of her brand, Justin's career began to nosedive. 13 Justin's been acting increasingly unhinged in the public eye - posting photos of using drug paraphernalia while driving his motorbike Credit: Instagram 13 Like many child stars, Justin (pictured here in 2011) has struggled with drink and drugs Credit: Getty - Contributor In September 2022, the former child star cancelled the remainder of his 'Justice' tour following a rare diagnosis of Type 2 Ramsay Hunt syndrome, which is a facial paralysis disease. This meant he lost out on an estimated $90m in earnings from the tour, and he was also left owing more than $20m to the tour's promoter, AEG, which he paid thanks to a loan from his then manager, Scooter Braun. Then, a year later, Justin was forced to sell his entire music catalogue for $200m to cover mounting debts. Obviously, this kept him in the lap of luxury, but - in the past few years - insiders have said he's burning money, without bringing any more in. Blowing his fortune The 31 year old hasn't released new music in three years, and he's recently caused concern with his incoherent messages online and dishevelled appearance. There's been some speculation that Justin's increasingly unhinged behaviour, which includes posing with drug paraphernalia online, is linked to his former mentor P Diddy's arrest and ongoing trial. But this has been rubbished by Justin's spokesperson, who said earlier this month that 'Justin is not among Sean Combs' victims'. He'll spend $300,000 at the Nobu at Coachella Bieber insider Nevertheless, general consensus is that Justin is on a downward spiral - and his fortune is reportedly more at risk than ever, as he continues to spend thousands of dollars. Speaking last month, an insider reported that Justin had blown millions on his birthday celebrations in March. 'He's flying in all his friends on private jets to his birthday party, putting it all over Instagram,' they said. 'He'll spend $300,000 at the Nobu at Coachella. [Meanwhile] he hasn't worked in a really long time.' What's more, the troubled singer is also reportedly spending thousands of dollars on his pastor, Judah Smith, who runs the controversial Churchome - a non-denominational church beloved by Beverly Hills celebrities. According to one source, 'Justin started to add Judah to the boards of his businesses - he is buying him $300,000 Rolexes and all this kind of stuff. Everyone around Justin is a part of this church.' Separate lives With Justin's very lavish, seemingly unhinged lifestyle, it seems as if the couple could use this billion-dollar boost more than ever. But it's safe to say that Hailey's new deal comes with certain strings attached. While Justin has been unravelling in public, Hailey is known for being a very clean-cut, responsible businesswoman and influencer - and that's sure to be the expectations placed upon her moving forwards as the brand's Chief Creative Officer. 13 Justin and Hailey were inseparable when they first got married in 2018 Credit: Getty 13 They've since been stepping out more and more alone - as Hailey attended the Met Gala earlier this month without Justin Credit: Getty What's more, the deal is actually comprised of $800m paid in cash and stock, and $200m based on the future growth of the brand over the next three years. With that in mind, Hailey will be focused on making sure the brand continues to soar. To that end, she'll have to do everything possible to make sure that her husband - who was once her path to higher status - doesn't end up becoming a liability. In recent weeks, the pair have stepped out independently. Last weekend, Hailey hit the town with her friends, Kylie and Kendall Jenner, at an LA fashion party. This followed her recent solo jaunts to the Miami F1 Grand Prix and the Met Gala. She also landed her first ever solo cover for US Vogue this month - having previously posed for the publication alongside Justin in 2019. I think we'll see an even bigger rise for is her time Nick Ede The implication is that, at least in the public eye, she's ready to do things alone and she's proving to be all the more popular for it. Rumours have swiftly spread that their marriage is in crisis, as the pair are clearly living very different lives. But, for the moment at least, they continue to be a united front - with Hailey recently insisting in her Vogue interview that they're still as committed as ever. As Nick tells us, whatever might be going on for Justin right now, this really is Hailey's moment. And if she plays her cards right, it could only be the beginning for the beauty mogul. 'I think we'll see an even bigger rise for Hailey,' he says. 'Whether that's her getting her own docuseries, or being the new judge on something like Shark Tank [the US version of Dragons Den], or being an investor in other brands and build them up. This is her time.' As for Justin, he showed his support for Hailey's career milestone this week by reposting her Instagram message announcing Rhode's acquisition. But behind the scenes, it's fair to say that the die has now been cast - and while Justin was the bigger earner in the past, his wife's now bringing home the bacon. Whether he cleans up his act, and manages to stay in the lap of luxury, remains to be seen. 13 Hailey and Justin in happier times in 2020 Credit: Getty
Time of India
2 days ago
- Business
- Time of India
Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal
Model Hailey Bieber 's makeup and skincare brand, Rhode , is being snapped up by Elf Beauty for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millennials. Elf said on Wednesday it would pay Rhode shareholders $800 million in a combination of cash and stock and an additional potential earnout consideration of $200 million subject to certain performance-related conditions. Last month, Reuters reported that Bieber was exploring a sale of the brand, which could be worth more than $1 billion. For Elf, the deal would mark a shift in strategy and expand into the prestige beauty market as the company faces weak demand from mass market customers who are being pressured by persistent high inflation. Elf - short for eyes, lips and face - offers products priced as low as $2 at U.S. retailers including Walmart, Ulta Beauty and Target. On the other hand, Rhode - which launched in 2022 and gained popularity with TikTok viral products such as its $18 "peptide lip treatments" - sells exclusively through its own website or pop-up stores, relying heavily on Hailey Bieber's social media influence. "e.l.f. Beauty marks an incredible opportunity to elevate and accelerate our ability to reach more of our community with even more innovative products and widen our distribution globally," Bieber said. The company raked in about $212 million in sales for the year ended March 31 and is planning to start selling at Sephora stores across the U.S. and Canada coming this fall, followed by the UK. "Rhode further diversifies our portfolio with a fast-growing brand that makes the best of prestige accessible," Elf CEO Tarang Amin said in a statement. Earlier this year, Elf's shares cratered 20% after the company cut its annual forecasts and warned of weakening demand. Elf's deal with Rhode would mark its biggest acquisition to date and follows its $355 million acquisition of skincare company Natrium in 2023. Bieber will continue her role as founder and will also act as a "strategic advisor" after the deal closes. The transaction is expected to close in the second quarter of fiscal 2026. Separately, Elf on Wednesday refrained from providing a fiscal 2026 forecast due to uncertainty surrounding import tariffs despite beating Wall Street expectations for fourth-quarter sales. The company, which sources about 75% of its products from China, down from 100% back in 2019, said last week it would raise prices by $1 to combat tariff pressure.
India Today
2 days ago
- Business
- India Today
Elf beauty buys Hailey Bieber's Rhode in $1 billion deal
Model Hailey Bieber's makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and said on Wednesday it would pay Rhode shareholders $800 million in a combination of cash and stock and an additional potential earnout consideration of $200 million subject to certain performance-related month, Reuters reported that Bieber was exploring a sale of the brand, which could be worth more than $1 billion. For Elf, the deal would mark a shift in strategy and expand into the prestige beauty market as the company faces weak demand from mass market customers who are being pressured by persistent high inflation."The Rhode deal is a bold move for e.l.f. into premium beauty at a time when the prestige side of the industry has lost some of its momentum as a result of consumers buying less or trading down," said Sky Canaves, eMarketer Rhode has bucked this trend, Canaves added, with a strong Gen Z following and significant buzz around its product launches, positioning it well for a strong — short for eyes, lips and face — offers products priced as low as $2 at US retailers including Walmart WMT.N, Ulta Beauty ULTA.O and Target the other hand, Rhode — which launched in 2022 and gained popularity with TikTok viral products such as its $18 "peptide lip treatments" — sells exclusively through its own website or pop-up stores, relying heavily on Hailey Bieber's social media influence."e.l.f. Beauty marks an incredible opportunity to elevate and accelerate our ability to reach more of our community with even more innovative products and widen our distribution globally," Bieber company raked in about $212 million in sales for the year ended March 31 and is planning to start selling at Sephora stores across the U.S. and Canada coming this fall, followed by the UK."Rhode further diversifies our portfolio with a fast-growing brand that makes the best of prestige accessible," Elf CEO Tarang Amin said in a this year, Elf's shares cratered 20% after the company cut its annual forecasts and warned of weakening deal with Rhode would mark its biggest acquisition to date and follows its $355 million acquisition of skincare company Natrium in will continue her role as founder and will also act as a "strategic advisor" after the deal closes. The transaction is expected to close in the second quarter of fiscal Elf on Wednesday refrained from providing a fiscal 2026 forecast due to uncertainty surrounding import tariffs despite beating Wall Street expectations for fourth-quarter company, which sources about 75% of its products from China, down from 100% back in 2019, said last week it would raise prices by $1 to combat tariff of Elf were down about 1% after the bell.
Yahoo
2 days ago
- Business
- Yahoo
ELF Q1 Earnings Call: Revenue Misses Expectations as Tariff Uncertainty and Rhode Acquisition Take Center Stage
Cosmetics company e.l.f. Beauty (NYSE:ELF) missed Wall Street's revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $332.6 million. Its non-GAAP EPS of $0.78 per share was 8.3% above analysts' consensus estimates. Is now the time to buy ELF? Find out in our full research report (it's free). Revenue: $332.6 million (3.6% year-on-year growth) Adjusted EPS: $0.78 vs analyst estimates of $0.72 (8.3% beat) Adjusted Operating Income: $63.71 million vs analyst estimates of $63.37 million (19.2% margin, 0.5% beat) Operating Margin: 13.3%, up from 5.3% in the same quarter last year Market Capitalization: $5.10 billion e.l.f. Beauty's latest quarter was shaped by a mix of continued market share gains, strong international expansion, and product innovation, even as U.S. sales growth moderated. CEO Tarang Amin highlighted, 'Q4 marked our 25th consecutive quarter of both net sales growth and market share gains,' with particularly strong momentum in international markets and new launches like Glow Reviver Melting Lip Balms. Management attributed the quarter's performance to successful shelf-space expansions at key retailers, ongoing growth in both digital and retail channels, and a disciplined marketing strategy. Gross margin improvements were driven by favorable foreign exchange and lower transportation costs, partially offset by a changing product and price mix. Looking forward, management's outlook is defined by tariff-related uncertainty and the anticipated integration of the Rhode brand. CFO Mandy Fields explained, 'Given the broad range of outcomes on tariffs, we are not providing a fiscal 2026 outlook at this time.' The company is implementing a $1 price increase across its global portfolio, effective August 1, as part of its mitigation efforts. Amin emphasized ongoing supply chain diversification and plans to accelerate international expansion, particularly with upcoming retail launches in Europe. The acquisition of Rhode is seen as a key lever for future growth, with management highlighting plans to leverage e.l.f. Beauty's marketing and retail expertise to scale the brand, especially through its Sephora partnership. Management cited international expansion, product innovation, and disciplined marketing as primary drivers of the quarter's results, while tariff uncertainty and the pending Rhode acquisition influenced forward-looking commentary. International growth acceleration: e.l.f. Beauty's international net sales grew 19% in the quarter, outpacing U.S. growth and benefiting from new launches in markets like Germany, the Netherlands, and Mexico. CEO Tarang Amin noted the company's international segment is 'the fastest-growing part of our business,' reflecting a multi-year expansion strategy. Shelf-space expansion impact: Recent expansions in retailer shelf space, including Target and Walmart in the U.S. and multiple new retailers internationally, contributed to higher unit volumes. Management stressed that ongoing negotiations and successful launches at retailers like Kruidvat and Rossmann are expected to deepen market penetration. Product innovation pipeline: New launches such as Glow Reviver Melting Lip Balms and Sheer For It Blush drove sales momentum, with Amin reporting strong consumer response and rapid sellouts. These launches were accelerated based on community feedback, illustrating e.l.f. Beauty's agile approach to innovation. Tariff mitigation strategy: Facing higher U.S. import tariffs on goods produced in China, e.l.f. Beauty is deploying a three-pronged mitigation plan: a $1 price increase per product, supply chain diversification to reduce China dependency, and further business diversification through international sales. Management estimates a $50 million annualized cost impact at current tariff rates. Pending Rhode acquisition: The definitive agreement to acquire Rhode, a direct-to-consumer beauty brand, is seen as a complementary addition to e.l.f. Beauty's portfolio. Amin highlighted Rhode's rapid sales growth, strong profitability, and unique community engagement model, while CFO Mandy Fields expects the acquisition to be accretive to sales and earnings once it closes. Management's outlook for the year highlights tariff uncertainty, integration of the Rhode acquisition, and continued international expansion as major factors influencing future performance. Tariff impact and pricing: The trajectory of U.S. import tariffs on Chinese goods remains a key risk. Management's $1 price increase across brands is intended to partially offset higher costs, but the timing and extent of tariff changes could materially affect gross margins and profitability. Scaling Rhode and new markets: The upcoming integration of Rhode, including its planned rollout in all Sephora stores across the U.S., Canada, and the UK, is expected to drive incremental growth. Management aims to leverage e.l.f. Beauty's marketing and retail expertise to boost Rhode's brand awareness and global reach, while maintaining Rhode's independent operations and team structure. Supply chain and international growth: Ongoing diversification of production outside China, expansion into new European markets, and shelf-space gains at major retailers are expected to support growth and resilience. Management is also monitoring the elasticity and consumer response to the announced price increases, especially as competitors may implement similar strategies. The StockStory team will be closely watching (1) the effectiveness of the $1 price increase in maintaining volume and profitability, (2) progress on international retail launches and shelf-space gains, and (3) the integration and early performance of Rhode within e.l.f. Beauty's portfolio. Additional tariff updates and consumer responses to pricing actions will be key milestones in assessing execution. e.l.f. Beauty currently trades at a forward P/E ratio of 25.2×. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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
