From CNBC: 2025-05-28 17:02:00

Hailey Bieber attends Rhode UK launch party in London. E.l.f. Beauty to acquire Rhode for up to $1 billion in cash and stock deal. Bieber excited to partner with E.l.f. for global expansion. E.l.f. shares drop 4% in extended trading after announcement. Company beats earnings estimates in fiscal fourth quarter. E.l.f. sources 75% of products from China, faces tariff uncertainty.



Read more at CNBC: E.l.f. Beauty to acquire Hailey Bieber brand Rhode in $1 billion deal