Moelis & Company has been engaged by model Hailey Bieber to explore a potential sale of her makeup brand, Rhode. The brand could be valued at more than $1 billion, indicating a significant transaction in the consumer sector.
Bieber has tapped investment bankers at JPMorgan Chase and Moelis to find a buyer for the cosmetic brand, which she launched in 2022. This high-profile advisory role highlights Moelis's capability to secure mandates for prominent consumer ventures.
Rhode, named after Bieber's middle name, generates annual revenue of nearly $200 million and sells skincare products and makeup. Moelis's involvement in this potential sale is expected to contribute to its deal pipeline and advisory fee generation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.