Latest news with #U.S.OpenTennisChampionships
UPI
3 days 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.
New York Post
23-04-2025
- Sport
- New York Post
Former Fordham coach relieved ‘aggressive' NCAA probe finally over
Keith Urgo felt like a weight had been lifted on Tuesday when the NCAA finally revealed the full scope of a yearslong investigation into recruiting violations while was the head men's basketball coach at Fordham University. But the former Fordham coach couldn't help but feel frustrated over the 'aggressive' nature in which the NCAA looked into the matter, especially in the current climate of college athletics and considering the relatively small scale by which the Rams basketball program broke the rules. 'It's a sigh of relief for my family and I. It's been something that's been hovering over us for almost three years now,' Urgo told The Post in a phone interview. 'It's been a dark cloud over my family, our program, and just finally closing it and just being able to move on, I think seemed incredibly important for me and my career. Just excited to kind of put it past us.' In a release Tuesday, the NCAA said that it found Urgo had 'violated ethical conduct rules' and 'head coach responsibility rules' related to a photo shoot in Times Square for prospective recruits and spending $10,736 total on entertainment expenses during eight player visits over two years. The NCAA rules allow for programs to spend $75 a day on entertainment expenses during official visits. Among those expenses were Jet Ski rentals, tickets to New York Knicks games, tickets to the U.S. Open Tennis Championships and suite tickets for a New York Giants game. The overages ranged from as little as $35 to as much as $5,595. Nevertheless, the transgressions never extended beyond that, and Urgo felt as the investigation — which began in 2021 as a result of the program self-reporting an issue — continued, it took on a more hostile tone. Former Fordham coach Keith Urgo said he is relieved the NCAA probe into recruiting violation while he was the coach of the Rams is over. AP 'They were treating me like I was some criminal, literally like I had broken some laws,' Urgo said. 'They were just trying to do whatever they could to pin a Level 1 violation on us and none of it made any sense. We were just all confused, including all the lawyers in the situation, confused as to why they were just being so aggressive and trying to do whatever they could to bury us.' The lengthy investigation took its toll on Urgo and on the program, he said during the phone conversation, especially this past season, when the NCAA's investigation ramped up. 'I think in this last year, specifically, it was probably the most taxing,' he said. 'This past season was definitely very difficult, because it just seemed like two or three times a week for several months, we were dealing with [the investigation]. Former Fordham coach Keith Urgo Robert Sabo / New York Post The Rams finished 12-21 last season and 3-15 in the A-10, and the program opted to move on from Urgo after the season came to an end. Urgo is still widely respected as a coach and beloved by his players — as seen by the reaction after his dismissal at Fordham — and he seemed positive he'll be back on a sideline soon enough. And he's hoping that the full details being out about the investigation will help. 'That's why I was so excited when the report came out,' he said. 'Because for so long, people weren't even sure for so long what was going on. Now they can see some of the ridiculousness.'
Yahoo
05-03-2025
- Yahoo
Taylor Swift Tickets Stolen & Resold By Cybercrime Crew With $600K Profit — Report
Reports claim a cybercrime crew stole and resold nearly 1,000 Taylor Swift's concert tickets. Queens District Attorney Melinda Katz further stated the ticket URLs were stolen by a pair of StubHub subcontractors. The pair were working for a third-party firm, Sutherland. A cybercrime crew stole and resold Taylor Swift's Eras Tour tickets. As per Queens District Attorney Melinda Katz, the crew stole over 993 tickets and resold them on StubHub, amassing approximately over $635,000. The theft took place between June 2022 and July 2023. The District Attorney further explained the operation of the reported theft. According to Katz' office, two StubHub subcontractors working for a third-party firm called Sutherland in Kingston, Jamaica, took the ticket URLs and emailed them to their co-conspirators in Queens. Apart from Taylor Swift's concert tickets, the crew also resold tickets for Adele and Ed Sheeran concerts, NBA games, and the U.S. Open Tennis Championships. The attorney's office has identified two of the co-conspirators, Tyrone Rose and Shamara Simmons. Both the accused people have faced arrest. Their charges include grand larceny in the second degree, conspiracy in the fourth degree, and computer tampering in the first and fourth degrees. As per the latest update from the prosecutors, Rose and Simmons have pleaded 'not guilty.' They will appear before the court again on March 7. The attorney's office further revealed that the duo had an alleged accomplice. But the third individual has since passed away. The district attorney explained, 'According to the charges, these defendants tried to use the popularity of Taylor Swift's concert tour and other high-profile events to profit at the expense of others. They allegedly exploited a loophole through an offshore ticket vendor to steal tickets to the biggest concert tour of the last decade and then resold those seats for an extraordinary profit of more than $600,000.' Stubhub has also released a separate statement regarding the third-party firm. The ticketing platform noted: 'StubHub has since replaced or refunded all identified orders impacted.' Their official statement also reassured on strengthening security measures to further protect our fans and sellers.' The post Taylor Swift Tickets Stolen & Resold By Cybercrime Crew With $600K Profit — Report appeared first on - Movie Trailers, TV & Streaming News, and More.
Yahoo
05-03-2025
- Yahoo
Cybercrime Crew Stole Taylor Swift Tickets & Made $600K Profit — Report
Reports claim a cybercrime crew stole and resold nearly 1,000 Taylor Swift's concert tickets. Queens District Attorney Melinda Katz further stated the ticket URLs were stolen by a pair of StubHub subcontractors. The pair were working for a third-party firm, Sutherland. A cybercrime crew stole and resold Taylor Swift's Eras Tour tickets. As per Queens District Attorney Melinda Katz, the crew stole over 993 tickets and resold them on StubHub, amassing approximately over $635,000. The theft took place between June 2022 and July 2023. The District Attorney further explained the operation of the reported theft. According to Katz' office, two StubHub subcontractors working for a third-party firm called Sutherland in Kingston, Jamaica, took the ticket URLs and emailed them to their co-conspirators in Queens. Apart from Taylor Swift's concert tickets, the crew also resold tickets for Adele and Ed Sheeran concerts, NBA games, and the U.S. Open Tennis Championships. The attorney's office has identified two of the co-conspirators, Tyrone Rose and Shamara Simmons. Both the accused people have faced arrest. Their charges include grand larceny in the second degree, conspiracy in the fourth degree, and computer tampering in the first and fourth degrees. As per the latest update from the prosecutors, Rose and Simmons have pleaded 'not guilty.' They will appear before the court again on March 7. The attorney's office further revealed that the duo had an alleged accomplice. But the third individual has since passed away. The district attorney explained, 'According to the charges, these defendants tried to use the popularity of Taylor Swift's concert tour and other high-profile events to profit at the expense of others. They allegedly exploited a loophole through an offshore ticket vendor to steal tickets to the biggest concert tour of the last decade and then resold those seats for an extraordinary profit of more than $600,000.' Stubhub has also released a separate statement regarding the third-party firm. The ticketing platform noted: 'StubHub has since replaced or refunded all identified orders impacted.' Their official statement also reassured on strengthening security measures to further protect our fans and sellers.' Originally reported by Arpita Adhya on ComingSoon. The post Cybercrime Crew Stole Taylor Swift Tickets & Made $600K Profit — Report appeared first on Mandatory.
USA Today
05-03-2025
- Entertainment
- USA Today
'Cybercrime crew' stole and resold hundreds of Taylor Swift tickets, prosecutors say
'Cybercrime crew' stole and resold hundreds of Taylor Swift tickets, prosecutors say Show Caption Hide Caption Another year-end honor for Taylor Swift? Here are 2024's best songs. Here are the top 3 songs of 2024 ranked by USA TODAY national music reporter Melissa Ruggieri including Taylor Swift, Billie Eilish and Chappell Roan. A "cybercrime crew" stole nearly 1,000 concert tickets to the record-breaking Taylor Swift Eras Tour and other high-profile events on StubHub and then resold them for hundreds of thousands of dollars, New York prosecutors said. The scheme involved people working in Kingston, Jamaica, for a third-party contractor partnered with StubHub, a ticket exchange and resale company, Queens District Attorney Melinda Katz announced Monday. The contractors allegedly stole ticket URLs and then emailed them to two co-conspirators in Queens, New York, according to Katz. The co-conspirators downloaded the tickets and resold them on StubHub at inflated prices for personal profit, Katz added. The crew raked in more than $600,000 for about one year. The majority of the tickets stolen were for the highly coveted Eras Tour — which became the highest-grossing tour of all time after amassing over $2.7 billion in ticket sales last year. But the crew also stole tickets from other high-value events, such as Adele and Ed Sheeran concerts, NBA games, and the U.S. Open Tennis Championships, according to Katz. Authorities in New York arrested two people involved in the scheme last Thursday, Katz said. Tyrone Rose, 20, of Kingston, Jamaica, and Shamara Simmons, 31, of Jamaica, Queens, were charged with second-degree grand larceny, first-degree and fourth-degree computer tampering, and fourth-degree conspiracy. Rose and Simmons are expected to return to court on Friday, according to Katz. They each face a maximum sentence of three to 15 years in prison if convicted of the top count. "According to the charges, these defendants tried to use the popularity of Taylor Swift's concert tour and other high-profile events to profit at the (expense) of others," Katz said in a statement. "They allegedly exploited a loophole through an offshore ticket vendor to steal tickets to the biggest concert tour of the last decade and then resold those seats for an extraordinary profit of more than $600,000." Katz added that the investigation remains ongoing to "determine the extent of this operation, including other potential co-conspirators." The district attorney's office encouraged any Queens resident who may have been a victim of a cybercrime to contact the office. Ticketmaster warns fans of scams. Want tickets to Beyoncé's 'Cowboy Carter' tour? 'Exploited a system vulnerability to fraudulently resell tickets' The investigation revealed that between June 2022 and July 2023, about 350 StubHub orders that amounted to roughly 993 tickets were intercepted by two people working for Sutherland Global Services in Jamaica, according to Katz. The Sutherland Global Services employees, identified as Rose and an unapprehended accomplice, allegedly used their access to StubHub's computer system to access a secure area for tickets already sold and queued to be emailed to the purchaser to download, Katz said. Rose and his accomplice then re-directed the URLs to the email accounts of Simmons and another New York accomplice who is now dead, according to Katz. The pair downloaded the tickets from the re-routed URLs and resold them on StubHub. Katz said the overall proceeds from the scheme were valued at $635,000. StubHub told USA TODAY on Tuesday that the company identified all orders impacted by the scheme and either replaced or fully refunded the orders. The company noted that it also terminated its relationship with Sutherland Global Services. "Upon discovering this criminal scheme, we immediately reported it to the third-party customer service vendor, Sutherland Global Services (SGS), as well as to the Queens District Attorney's Office and Jamaican law enforcement," Mark Streams, chief legal officer at StubHub, said in a statement. "The individuals involved, employees of SGS, exploited a system vulnerability to fraudulently resell tickets. They were swiftly identified and terminated." 'Break it up': DOJ sues Live Nation and Ticketmaster to reduce ticket prices Charges follow ticket scam, security warnings Monday's announcement follows recent warnings by ticket sale companies and marketplaces over potential scams and security issues. Last May, entertainment company Live Nation said it found "unauthorized activity" in a third-party cloud database that contained Ticketmaster data. The company said it was investigating the data breach, in which a cybercrime group said it had stolen user data of over 500 million Ticketmaster customers, Reuters reported. A lawsuit filed the following month accused the companies of negligence and allowing a third-party company to gain access to private information belonging to hundreds of millions of customers. The suit alleged that the information was listed for sale for $500,000 on the dark web. Ticketmaster came under fire again in October when users claimed their concert tickets disappeared from their accounts, costing them thousands of dollars. The company blamed the incident on hackers. "What we're seeing is scammers accessing a fan's email account," a Ticketmaster spokesperson told USA TODAY at the time. The spokesperson noted that users' passwords had not been exposed in the data incident earlier that year. The company advised users to protect themselves by "setting a strong unique password for all accounts – especially for their personal email which is where we often see security issues originate." "Scammers are looking for new cheats across every industry, and tickets will always be a target because they are valuable, so Ticketmaster is constantly investing in new security enhancements to safeguard fans," Ticketmaster said in a statement. Contributing: Jonathan Limehouse and Saleen Martin, USA TODAY; Reuters
