How Rhode's $1 billion acquisition is going
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How Rhode's $1 billion acquisition is going
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Patreon: https://www.patreon.com/c/TheDevilWearsData
YouTube: www.youtube.com/@thedevilwearsdata
You probably already know this by now, but earlier this year, elf acquired Hailey Bieber's Rhode for the price tag of $1 billion. At the time, a question I had was whether this would be successful long term, or whether it would flop like other celebrity beauty brands have in the past (like Kylie Cosmetics). In fact, I made a whole video exploring that question alone.
A couple of weeks ago, we finally got some answers when elf's filing with the US SEC made clear what was happening behind the scenes with Rhode. I went through the document, and broke down some of the data in this video. This video is data heavy, but filled with a lot of useful info about how beauty companies operate behind the scenes.
Tags: #beauty #rhode #elf #business #finance #economics #makeup