Reported 1 day ago
E.l.f. Beauty exceeded profit and sales forecasts, reporting a 4% increase in revenue to $332.6 million for fiscal Q4 2025, and announced the acquisition of Hailey Bieber's skincare line, Rhode, for potentially up to $1 billion. The deal includes $800 million in cash and stock at closing, with an additional $200 million contingent on Rhode's growth over three years. CEO Tarang Amin expressed confidence that this acquisition will bolster their portfolio of innovative brands, with Bieber taking on a key role in the merged company.
Source: YAHOO