On May 28, the rhode founder, 28, announced that e.l.f. Beauty would be acquiring her cosmetics brand, and it's rumored that she's received a "generous cash payout."
? SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox ?Bieber took to Instagram to share the good news, telling her 55 million followers that "the most important thing to me is to keep bringing rhode to more spaces, places, and faces globally."
A post shared by Hailey Rhode Bieber (@haileybieber)
The rhode acquisition comes on the heels of intense media scrutiny of Hailey's husband, Justin Bieber. Justin is reportedly $8 million in debt to his former manager, Scooter Braun, and recently faced backlash for comments fans found to be "disrespectful" towards his wife.Nevertheless, Justin also seems to be celebrating Hailey's achievement.Justin, 31, added screenshots of Hailey's announcement and caption to an Instagram carousel, but did not add his own comments.
A post shared by Justin Bieber (@justinbieber)
Hailey added that she looks forward to rhode's "new exciting chapter" and thanked co-founders Michael D. Ratner and Lauren Ratner who "helped bring my vision to life from the start.”
The nepo-baby-turned-entrepreneur was spotted celebrating the landmark deal at a dinner in Los Angeles. Bieber stepped out in a black strapless mini dress by Saint Laurent by Anthony Vaccarello and also wore black slingback pumps and a pair of black sunglasses.
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