Latest news with #e.l.fBeauty
CNN
2 days ago
- Business
- CNN
e.l.f. Beauty raises prices by $1 due to tariffs
e.l.f. Beauty raises prices by $1 due to tariffs E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the company is increasing prices by $1 across its entire portfolio on August 1. On Wednesday, the cosmetic company announced it bought Hailey Bieber's beauty brand, rhode, for $1 billion. Amid President Donald Trump's chaotic trade war with China, e.l.f. hopes the acquisition is an opportunity to diversify its supply chain. Right now, about 75% of e.l.f. products are made in China, while rhode has suppliers in Europe, the U.S. and other parts of Asia. 01:24 - Source: CNN Elephant seal in Cape Town wanders into suburbia, stops traffic and wins the hearts of locals A Southern elephant seal makes a surprise visit to the residential neighborhood of Gordon's Bay in Cape Town, South Africa, and triggers an almost nine-hour rescue effort to return him to the coast. 00:57 - Source: CNN Why e.l.f. just bought Hailey Bieber's beauty brand for $1 billion e.l.f. Beauty is buying Hailey Bieber's makeup brand, Rhode, for $1 billion. Founded in 2022, Bieber's brand racked up $212 million in net sales in its last fiscal year. 01:11 - Source: CNN Contestants risk injury in cheese wheel competition An annual race held in England has attracted thousands around the world. It's been described as the world's most dangerous race: a 200-yard dash after a wheel of Gloucester cheese. 01:15 - Source: CNN Should Sean 'Diddy' Combs testify? CNN's Laura Coates speaks with Benjamin Chew, co-lead counsel for Johnny Depp in his defamation trial, about whether Sean "Diddy" Combs should testify in his high stakes criminal trial. 01:55 - Source: CNN SpaceX Starship outperforms previous missions this year Regrouping after two consecutive explosions, SpaceX launched the 9th test flight of Starship, the most powerful rocket ever built. The mission marks the first time the company reused a Super Heavy booster from a previous flight. 01:55 - Source: CNN Two birds found onboard Delta flight A flight from Minneapolis to Madison, Wisconsin, was delayed for about an hour after two birds tried to stow away on a Delta Air Lines flight. 00:44 - Source: CNN Trump pardons reality TV couple Todd and Julie Chrisley President Donald Trump has signed full pardons for imprisoned reality show couple Todd and Julie Chrisley, who were sentenced to lengthy prison terms in 2022 for a conspiracy to defraud banks out of more than $30 million, according to a White House official. CNN's Kaitlan Collins reports. 01:07 - Source: CNN Former 'Diddy' employee describes alleged abuse Former employee for Sean 'Diddy' Combs, Capricorn Clark, took the stand to testify in the federal trial against her long-time boss, seemingly corroborating accounts from witnesses Cassie Ventura and rapper Kid Cudi. Capricorn alleges Combs made threats and carried out acts of violence against her, including forced lie-detector tests Capricorn claims to have been administered by Combs' security guard while she was held. 02:37 - Source: CNN All-American Rejects singer talks house party tour The All-American Rejects lead singer Tyson Ritter joined CNN News Central to talk about his band's house party tour that started as a protest against pricey arena shows. 01:34 - Source: CNN 'Duck Dynasty' star dies at 79 Phil Robertson, patriarch of the reality show 'Duck Dynasty,' has died at 79, according to a family statement. Robertson founded Duck Commander, a business making duck hunting supplies, which later became the center of A&E's hit show. 01:06 - Source: CNN Truck explodes after possible propane leak A home security camera caught the moment when a box truck driving through a residential neighborhood exploded in Addison, Illinois. The driver walked away with only minor injuries, CNN affiliate WLS reports. 00:36 - Source: CNN Teens help rescue family from garage fire CNN's Fredricka Whitfield speaks with Aiden Kane and Tyler Sojda, who helped rescue a family in Marcy, New York from a garage fire after spotting the flames while driving home from junior prom. 01:16 - Source: CNN Where Kermit the Frog's tea meme came from Kermit the Frog tells CNN's Sara Sidner his thoughts on being an infamous part of meme culture. 00:41 - Source: CNN Verdict reached in Paris robbery of Kim Kardashian After a weekslong trial, eight people behind the multimillion-dollar armed robbery of Kim Kardashian in Paris were found guilty. Most of them received prison sentences, portions of which were suspended, but all will walk free due to time already served. 00:43 - Source: CNN Anderson catches up with man sailing around the world Anderson Cooper speaks with Oliver Widger for an update on his viral adventures sailing across the world. Widger quit his job, liquidated his 401(k) and bought a sailboat to see the world with his rescue cat, Phoenix. 01:55 - Source: CNN See moment OceanGate team noticed something wrong Newly released video shows OceanGate founder and CEO Stockton Rush's wife, Wendy Rush, who was working on the communications and tracking team, notice the sound of a 'bang' while monitoring the submersible. The Titan submersible imploded on June 18, 2023, killing all five passengers on board. 00:49 - Source: CNN 'The Points Guy' on the best deals for summer travel Brian Kelly, founder of breaks down the best deals for summer travel and how to make the most of your frequent flyer miles. 01:00 - Source: CNN
CNN
2 days ago
- Business
- CNN
E.l.f. Beauty will raise prices by $1. Hear the company's CEO explain why
E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the company is increasing prices by $1 across its entire portfolio on August 1. On Wednesday, the cosmetic company announced it bought Hailey Bieber's beauty brand, rhode, for $1 billion. Amid President Donald Trump's chaotic trade war with China, e.l.f. hopes the acquisition is an opportunity to diversify its supply chain. Right now, about 75% of e.l.f. products are made in China, while rhode has suppliers in Europe, the U.S. and other parts of Asia.
The Sun
2 days ago
- Business
- The Sun
Why Hailey Bieber's transformation from nepobaby fangirl to billionaire tycoon spells disaster for spiralling Justin
[authenticated-html ] Loading the Elevenlabs Text to Speech AudioNative Player... [/authenticated-html] 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 13 13 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.' 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 13 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 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 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'. 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 13 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. 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
IOL News
3 days ago
- Entertainment
- IOL News
Justin Bieber's captionless comeback: learning to celebrate Hailey in style
Justin Bieber has now resorted to not captioning his posts about Hailey, to avoid potential public backlash. Image: Instagram/Justin Bieber Well, it seems like Justin Bieber does not want problems anymore. The Canadian singer appears to have learned his lesson and now makes posts about his wife, Hailey Bieber, without captions. Hailey made "girl boss' moves and has sold her skincare brand, Rhode Skin, to e.l.f. Beauty for a striking $1 billion. The businesswoman and model excitedly shared her achievement on Instagram. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ '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. 'So today I am incredibly excited and proud to announce that we are partnering with e.l.f Beauty as we step into the next chapter in the world of Rhode," she wrote. She further added that she feels excited to be the Chief Creative Officer, Head of Innovation of Rhode, as well as a strategic advisor for e.l.f Beauty. In celebration of his wife's admirable achievement, Justin took to Instagram to share the news as well, this time around with nothing but Hailey's picture and a screenshot of her caption. Fans, of course, had a lot to say about the post because this is the second time he posted Hailey with no caption. @xiomyvault said: 'Not writing a caption but posting hers, she deff (definitely) yelled at him lmao.' 'He said I will NOT say any words moving forward,' @elletapia said. While @heaveansalas added: 'Hahaha no caption, I see he learns quick.' The no-caption posts came after he publicly embarrassed her when she graced the "Vogue" cover for the June issue, and the pop singer shared the cover, admitting in his caption that during their argument, at some point, he told Hailey she would never have a "Vogue" cover. The 'Let Me Love You' hitmaker faced public backlash for choosing to share that with the world, as many fans expressed that it is not something he was supposed to share on a public platform, let alone admit. After a few hours and facing public scrutiny, the 31-year-old edited his caption to just emojis. Are the no-caption posts working, or do you think he should write something, rather?
Bloomberg
3 days ago
- Business
- Bloomberg
Open Interest 5/29/2025
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." E.l.f. Beauty is buying Hailey Bieber's beauty brand for $1 billion dollars. We talk to the e.l.f CFO Mandy Fields. Plus, Trump's trade agenda is dealt a major blow as a US court deems most of the President's tariffs illegal. Nvidia's upbeat earnings report reignites AI optimism. And former JetBlue founder David Neeleman, who's now the CEO of Breeze Airways, joins the C-suite to talk about the intense competition among low-cost airlines as United and Jetblue announce a new partnership. (Source: Bloomberg)
