Model and entrepreneur Hailey Bieber is planning to sell her cosmetics brand Rhode. According to Reuters, the 28-year-old businesswoman has already turned to investment companies JPMorgan Chase and Moelis to find buyers.
According to an insider, the value of Hailey’s beauty brand may exceed $1 billion, and Rhode’s annual revenue reaches $200 million.
Justin Bieber’s wife launched her brand in 2022. Since then, it has quickly gained popularity due to its minimalist design, affordable prices, and collaborations with stars such as Tate McRae and Claudia Schiffer. Rhode emphasizes that all products are vegan and not tested on animals.