Latest news with #Hailey
Yahoo
an hour ago
- Business
- Yahoo
Justin Bieber Proudly Supports Hailey Bieber After She Sells Her Rhode Skincare Company for $1 Billion
Justin Bieber is celebrating Hailey Bieber's wins. Following the announcement that the model had sold her Rhode skincare company to e.l.f. Beauty for an eye-popping $1 billion on Wednesday (May 23), the pop star took to social media to champion his business-savvy wife in a sweet but subtle way. More from Billboard Justin Bieber Reflects on Telling Hailey Bieber During a Fight She'd 'Never Be on the Cover of Vogue' Shaun Cassidy Gets Ready for the Longest Tour of His 45-Year Career: 'I Felt the Need to Connect with People' 'Luther' Ties 'Not Like Us' for Most Weeks at No. 1 on Hot R&B/Hip-Hop Songs Chart On Instagram, Justin posted a glamorous photo of Hailey rocking a powerful white suit, as well as a screenshot of her own caption announcing the news on the platform. 'When 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,' the mogul wrote on her page. 'So today I am so incredibly excited and proud to announce that we are partnering with e.l.f. Beauty … 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.' '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,' Hailey continued in her caption. '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!' Justin also reshared Hailey's post on his Story. The businesswoman didn't share the billion-dollar price tag of her sale in her post, but the 10-digit figure was reported by Wall Street Journal and Forbes. The latter publication breaks down the deal as being '$600 million in cash, $200 million worth of e.l.f. Beauty stock and a potential $200 million in future payouts based on the company's growth over the next three years.' The sale comes just three years after Hailey first launched Rhode, a venture for which Justin has been at her side every step of the way. The musician — who married Hailey in 2018 — has appeared with her at several events for the company, and in February, he shared photos and wrote on Instagram, 'Congrats baby on your beautiful @rhode pop up.' Hailey's major money move also comes shortly after she appeared on the cover of Vogue, getting candid in the accompanying interview about her life — both as a woman in the public eye and as a new mom to son Jack Blues, whom she welcomed with Justin in August. The 'Peaches' singer also shared a few thoughts with the publication, saying, 'I've done a lot of dumb things in my life, but the smartest thing I've ever done was marry Hailey.' Shortly afterward, he faced a bit of backlash for sharing on Instagram that he once told Hailey she'd 'never be on the cover of Vogue' during a 'huge fight' they had in the past. Justin has since removed the caption from his page, replacing it with a string of emojis, but he'd originally added, 'Yikes I know, so mean … For some reason because I felt so disrespected I thought I gotta get even.. I think as we mature we realize that we're not helping anything by getting even … So baby u already know but forgive me for saying u wouldn't get a vogue cover cuz clearly i was sadly mistaken.' Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart 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
Yahoo
2 hours ago
- Business
- Yahoo
Justin Bieber Reacts to Hailey's $1B Beauty Deal After Sharing Major PDA Photo of His Wife
Hailey Bieber announced on Wednesday, May 28, that rhode was acquired by e.l.f. for $1 billion She then posted an Instagram celebrating the brand's new chapter, and thanked her rhode team and community Justin then screenshotted her Instagram post and proudly shared it to his profileJustin Bieber is celebrating Hailey Bieber's latest business accomplishment! On Wednesday, May 28, Hailey, 28, announced that her beauty brand, rhode, was acquired by e.l.f. cosmetics for $1 billion. Hailey also shared the news on Instagram, where she elaborated on the big business decision. Justin, 31, then screenshotted her announcement and added it to a carousel. He also included a screenshot of her Instagram caption, although he didn't add his own comments. "🥹❤️," Hailey wrote in the comment section. 'When 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,' Hailey's caption began. '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," Hailey continued. "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,' she explained, adding that she will now serve as Chief Creative Officer, and Head of Innovation of rhode as well as strategic advisor to e.l.f. Beauty. She then thanked her rhode team and the 'supportive' rhode community. 'This next chapter is going to be even more incredible together! As I've said, this is only the beginning. 🤍.' The businesswoman also spoke to Allure about the news, saying, 'When you're launching a brand, you're just so focused on what's right in front of you at the time. And of course, you always have really big dreams and really big goals for it. This is definitely one of those things being realized. I could have never anticipated that it would happen at this exact time.' She added about her decision to pair with the e.l.f. team, "Vibes matter!" Justin's celebratory Instagram post follows a different Instagram carousel that he uploaded on Wednesday, May 28. In one of the photos, Hailey is sitting on her husband's lap, smiling from ear to ear. The 'Baby' singer is captured smiling, with his chin on the side of Hailey's face, while he grabs her boobs. The next slide was a zoomed-in version of the same photo. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. The musician's recent Instagram photo comes after his Tuesday, May 20, posts, celebrating his wife's first-ever Vogue cover. Initially, Justin shared photos from the shoot with a caption that revealed he once told Hailey she would "never be on the cover of Vogue." "Yo this reminds me when Hailey and I got into a huge fight," he began in the caption. "I told hails that she would never be on the cover of vogue. Yikes I know, so mean." He concluded the post with an apology to Hailey saying, "So baby u already know but forgive me for saying u wouldn't get a vogue cover cuz clearly i was sadly mistaken." But, he later deleted the caption, replacing it with a series of emojis reading, "🤷🫵🏻🫶🏼🥹." Read the original article on People
Yahoo
2 hours ago
- Business
- Yahoo
Justin Bieber Proudly Supports Hailey Bieber After She Sells Her Rhode Skincare Company for $1 Billion
Justin Bieber is celebrating Hailey Bieber's wins. Following the announcement that the model had sold her Rhode skincare company to e.l.f. Beauty for an eye-popping $1 billion on Wednesday (May 23), the pop star took to social media to champion his business-savvy wife in a sweet but subtle way. More from Billboard Justin Bieber Reflects on Telling Hailey Bieber During a Fight She'd 'Never Be on the Cover of Vogue' Shaun Cassidy Gets Ready for the Longest Tour of His 45-Year Career: 'I Felt the Need to Connect with People' 'Luther' Ties 'Not Like Us' for Most Weeks at No. 1 on Hot R&B/Hip-Hop Songs Chart On Instagram, Justin posted a glamorous photo of Hailey rocking a powerful white suit, as well as a screenshot of her own caption announcing the news on the platform. 'When 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,' the mogul wrote on her page. 'So today I am so incredibly excited and proud to announce that we are partnering with e.l.f. Beauty … 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.' '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,' Hailey continued in her caption. '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!' Justin also reshared Hailey's post on his Story. The businesswoman didn't share the billion-dollar price tag of her sale in her post, but the 10-digit figure was reported by Wall Street Journal and Forbes. The latter publication breaks down the deal as being '$600 million in cash, $200 million worth of e.l.f. Beauty stock and a potential $200 million in future payouts based on the company's growth over the next three years.' The sale comes just three years after Hailey first launched Rhode, a venture for which Justin has been at her side every step of the way. The musician — who married Hailey in 2018 — has appeared with her at several events for the company, and in February, he shared photos and wrote on Instagram, 'Congrats baby on your beautiful @rhode pop up.' Hailey's major money move also comes shortly after she appeared on the cover of Vogue, getting candid in the accompanying interview about her life — both as a woman in the public eye and as a new mom to son Jack Blues, whom she welcomed with Justin in August. The 'Peaches' singer also shared a few thoughts with the publication, saying, 'I've done a lot of dumb things in my life, but the smartest thing I've ever done was marry Hailey.' Shortly afterward, he faced a bit of backlash for sharing on Instagram that he once told Hailey she'd 'never be on the cover of Vogue' during a 'huge fight' they had in the past. Justin has since removed the caption from his page, replacing it with a string of emojis, but he'd originally added, 'Yikes I know, so mean … For some reason because I felt so disrespected I thought I gotta get even.. I think as we mature we realize that we're not helping anything by getting even … So baby u already know but forgive me for saying u wouldn't get a vogue cover cuz clearly i was sadly mistaken.' Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart 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
UPI
3 hours ago
- Business
- UPI
E.l.f Beauty to acquire Hailey Bieber's Rhode in $1 billion deal
1 of 3 | Hailey and Justin Bieber watch the 2023 U.S. Open Tennis Championships on September 1, 2023, in New York City. File Photo by John Angelillo/UPI | License Photo May 28 (UPI) -- E.l.f. Beauty announced Wednesday it will acquire Hailey Bieber's three-year-old beauty company Rhode for $1 billion. "This powerhouse alliance between E.l.f. Beauty and Rhode is built on both brands' shared focus on disruption and product innovation, setting the stage for transformative global expansion," E.l.f. Beauty said in a news release about the acquisition of the company known for its high-performance, skin-focused products. The 27-year-old model, who is married to pop singer Justin Bieber, in 2022 launched Rhode. The company has more than doubled its customer base over the past year and brought in $212 million in revenue in the 12 months ended March 31. Last year, Rhode became the No. 1 skincare brand in earned media value with 367% year-over-year growth. The acquisition comprises $600 million in cash and $200 million in stock, plus an additional potential $200 million payout based on Rhode's performance over the next three years. The cash consists of fully committed debt financing of $600 million. They plan to close the deal by the close of the company's second quarter of fiscal year 2026. E.l.f's brands include e.l.f. Cosmetics, E.l.f. Skin, Keys Soulcare, Naturium and Well People. "We can't wait to bring Rhode to more faces, places, and spaces," Bieber said in a news release. "From day one, my vision for Rhode has been to make essential skin care and hybrid makeup you can use every day. Just three years into this journey, our partnership with 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." She plans to step into an expanded role of Chief Creative Officer and Head of Innovation for the new company. "I look forward to leading the brand into this exciting new chapter of possibilities alongside my Co-Founders Michael D. Ratner and Lauren Ratner, who have helped bring my vision to life from the start," she said. E.l.f. Chairman and CEO Tarang Amin told CNBC: "I've been in the consumer space 34 years, and I've been blown away by seeing this brand over time." In a news release, Amin said: "E.l.f. Beauty found a like-minded disruptor in Rhode. 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. E.l.f. shares declined about 4% in extended trading in the New York Stock Exchange. After the market closed at 4 p.m., the company also posted fourth-quarter financial data: $332.7 million revenue and 76 cents adjusted earnings per share over nine months. About 75% of its products come from China, which has been slapped with a 30% duty on exports to the U.S. Last week, the company announced plans to raise prices by $1 on Aug. 1 to offset higher costs from tariffs. Hailey Bieber is the daughter of actor Stephen Baldwin and her maternal grandfather is Brazilian musician Eumir Deodato. She married Justin Bieber in November 2018 and they have one child, who is 9 months old. Justin Bieber is 31.
BBC News
16 hours ago
- Business
- BBC News
Witney solar farm plans approved by council
Controversial plans to build a solar farm capable of powering 15,000 homes have been approved amid fears the traffic impact would cause "chaos" in nearby Bente Klein put forward plans to build a renewable energy station with ground mounted solar panels and battery storage containers at University Farm in Hailey, application was refused by West Oxfordshire District Council in December 2023 on landscape, visual, heritage and biodiversity grounds, but was a meeting on Tuesday evening, the council approved the plans at the second time of asking. Addressing the meeting, a representative for Bente Klein said the proposal was "crucial in achieving climate and energy targets"."The solar farm would produce the equivalent electricity needs of approximately 15,000 Oxfordshire homes if it were to get planning permission," she explained."Furthermore, the proposal will achieve significant biodiversity net gain of 104 per cent which is over ten times the legal requirement."But Robert Gunn, from nearby North Leigh Parish Council, said the proposals would see "danger and huge inconvenience to residents"."We feel the main beneficiaries of this application will be the applicant and its investors, with minimum benefit and maximum danger and inconvenience to North Leigh residents," he plans had been previously discussed at a meeting in April - but a decision was deferred due to concerns over the route used by vehicles during the site's Gunn added: "If [the district council] does concede to the applicants' demand for their preferred route, then it should only be allowed with the strictest traffic construction measures."In our view six sets [of traffic lights] will be required […] and this would cause absolute chaos to all people living in North Leigh."At Tuesday's meeting, a route via the B4437 and the B4022 to Poffley End was unanimously approved by councillors. You can follow BBC Oxfordshire on Facebook, X (Twitter), or Instagram.
