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Is The $1B Hailey Bieber Deal Enough To Keep E.l.f. Beauty Relevant?

Posted

August 9, 2025

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Affordable cosmetics company, E.l.f. Beauty, posted its first billion-dollar fiscal year in 2024 and within a year, announced its blockbuster acquisition of Hailey Bieber's Rhode in a $1 billion deal. The deal will bring the company into more premium channels such as Sephora after being in drugstores, Target, Walmart, Dollar General and Ulta. But Wall Street has been weary as of late. Its share dropped more than 10% the day after announcing a 30% drop in profits during its first quarter 2026 earnings. So, can E.l.f. keep up the momentum?

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Produced and Shot by: Natalie Rice

Edited by: Nic Golden Henry

Additional Camera by: Katie Tarasov, Lisa Setyon

Animation: Emily Park

Senior Managing Producer: Tala Hadavi

Senior Director of Video: Jeniece Pettitt

Editorial Support by: Kae Park

Additional Footage: e.l.f. Beauty, Reuters, Getty Images

Additional Sources: NielsenIQ, PitchBook

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How E.l.f. Is Winning The Beauty Wars

Guests & Subjects Covered

Elf BeautyHailey Bieber's RhodeTarget Walmart Dollar GeneralUlta But Wall StreetChapters Introduction ChapterThe RhodeNatalie Rice EditedKae Park Additional Footage

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