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e.l.f. Cosmetics Acquires Hailey Bieber’s Rhode Beauty Brand for $1 Billion 

Hailey Bieber poses during the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City, New York, US, May 5, 2025. (Reuters)
Hailey Bieber poses during the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City, New York, US, May 5, 2025. (Reuters)
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e.l.f. Cosmetics Acquires Hailey Bieber’s Rhode Beauty Brand for $1 Billion 

Hailey Bieber poses during the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City, New York, US, May 5, 2025. (Reuters)
Hailey Bieber poses during the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute in New York City, New York, US, May 5, 2025. (Reuters)

e.l.f. Beauty has acquired Hailey Bieber's rhode skincare brand in a $1 billion deal, the companies said.

Bieber's rhode had $212 million in net sales in the 12 months that ended March 31. The company's products are only available online, but by the end of this year it plans to begin an in-store partnership with Sephora in North America and the UK.

Bieber, a model and the wife of singer Justin Bieber, will be rhode’s chief creative officer and head of innovation and also a strategic advisor to the combined companies.

Under the terms of the agreement, e.l.f. will acquire rhode for $600 million in cash and $200 million of newly issued shares of e.l.f. Beauty common stock. The deal also includes an additional potential earnout of $200 million based on the future growth of the brand over three years.

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Fashion

Dolce & Gabbana Embrace Wrinkled Romance for Spring-Summer 2026

Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
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Dolce & Gabbana Embrace Wrinkled Romance for Spring-Summer 2026

Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)
Models acknowledge the audience at the end of the presentation of creations by Dolce & Gabbana for the Menswear Ready-to-wear Spring-Summer 2026 collection as part of the Milan Fashion Week, in Milan on June 21, 2025. (AFP)

Dolce & Gabbana beckoned the warm weather with crumpled, take-me-anywhere comfort in their menswear collection for spring-summer 2026, previewed during Milan Fashion Week on Saturday.

The show opened and closed with a relaxed pajama silhouette — deliberately rumpled and effortless — in a clash of stripes, with both shorts and long trousers.

The Beethoven soundtrack belied designers Domenico Dolce and Stefano Gabbana’s more deliberate intent, underscoring the designers' structured approach to soft tailoring.

A broad shoulder double-breasted suit jacket and tie worn with pink pinstriped PJ pants encapsulated the classic summer dilemma: work vs. pleasure.

Raw knitwear, or furry overcoats, added texture. Boxers peeked out of waistbands, and big shirt cuffs out of jacket sleeves, challenging formal and casual codes.

Nothing was cleaner on the runway than a crisp striped pajama top in sky-blue and white stripes tucked into white leather Bermuda shorts — good for work and for play.

The designers' finale featured pajama suits, shorts and pants, with beaded floral patterned embroidery for an evening seaside shimmer, worn with fuzzy sliders. Twin cameo brooches gave an antique accent.

The crowd outside got to share in the fun when the finale models took the looks onto the streets, taking a full lap outside the designers’ Metropol theater. Front-row guests included actors Zane Phillips, Theo James, Lucien Laviscount and Michele Morrone.