Founder index · Rhode · 2022–present
Hailey Bieber
The lesson that travels
“A small range is not a limitation, it is the marketing. When there are only three things to buy, every one of them is the hero, and every launch is news.”
Bieber was a model with a very large following before she was a founder, and the obvious reading of Rhode is that fame did the work. It is not wrong, but it misses the part that is worth studying. Plenty of famous people have launched beauty brands since 2017, and most of them launched big: a full range, a retail partner on day one, a campaign. Bieber did the opposite. Rhode launched in June 2022 with three products, a serum and a cream at $29 and a lip treatment at $16, on its own website and nowhere else. She named it after her middle name because the name she first wanted, Bieber Beauty, was already trademarked, and a New York fashion label called Rhode sued within days of the launch. The brand kept trading while the case ran and settled it two years later.
What she contributed was taste and restraint, and the second is rarer. The range grew one hero at a time: tinted versions of the lip treatment in 2023, a phone case that holds the lip treatment in 2024, a cream blush that same summer. Each was launched as an event, sold out, went to a waitlist and was restocked as news. The phrase glazed donut skin did more for the serum than any advertisement could, and the phone case put the product into the mirror selfies of the people who bought it. None of that requires fame to copy, but fame made it work faster.
The contested part is the one e.l.f. Beauty wrote into its own annual report after buying the brand in 2025 for up to $1 billion: Bieber is described as essential to Rhode, and her retention is listed as a risk. She stayed on as founder, chief creative officer and head of innovation, with part of the price tied to a three-year earnout that ends in 2028. She had said publicly that she would not sell unless the number was a billion dollars, and the headline price was exactly that. Whether the brand can outlive her daily involvement is the question the next three years will answer, and it is not one she can answer by herself.
§01 — The hard calls
- 2022
Launch with three products, all under $30, on rhodeskin.com only — no retailer, no full range, no campaign.
Every product became a hero and every customer was reachable by email. The brand reached $212 million of net sales in the year to March 2025 without a single store.
- 2023
Move into makeup through the existing hero, adding colour to the lip treatment rather than launching a separate makeup line.
Peptide Lip Tints in four shades. The brand extended without diluting what it was known for.
- 2024
Sell a phone case with a slot for the lip treatment, on the brand's own site, in limited drops.
Sold out and was restocked in drops. The product became a fixture of mirror selfies, which turned customers into the advertising.
- 2025
Sell to e.l.f. Beauty for $800 million at closing and up to $200 million more, and stay on as chief creative officer.
Rhode launched in every Sephora store in the United States and Canada a month after the deal closed and did about $390 million of net sales in e.l.f.'s fiscal 2026, up more than 80%.
One of these is set up as a tutorial — you make the call before you find out what Hailey did.
Face the decision§02 — Around this founder