Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Hailey Bieber
Long Rhode to billionaire status
… sells make -up company for $ 1 billion !!!
Published
Hailey BieberChristmas came this year really … “Because she just sold her makeup brand to eleven cosmetics in a deal that could deliver her to the 10-figure club.
We have confirmed that people know that Hailey has sold her brand Rhode in a deal that stipulates that she will receive $ 800 million in cash and shares at the end of the deal … with an extra $ 200 million on the way to her side if the company will perform more than performs in the coming three years.
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The sale comes just a few months after the news was broken that she collaborated with JPMorgan Chase to facilitate a sale … A fairly fast change for a large company like this.
While Bieber sells the ownership of ownership in the company, she will retain her role as Chief Creative Officer and head of Rhode’s innovation, supervise creative, product innovation and marketing – and she will act as a strategic adviser to Rhode and Elf Beauty.
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Hailey shared a sincere explanation to Instagram shortly after the news was broken in which she described her excitement at the new partnership … and thanked the whole team that Rhode made in the brand that it is today.
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As you know … we broke the story that Justin Bieber Sold his music catalog for just $ 200 million because they were broke and needed the money.
It seems that they have now received a lot of money … and they can go down every rhode in life!
