In a surprising turn of events. American fashion model and wife to popstar “Justin Bieber” made moves to sell her brand “Rhode” for 1 BILLION DOLLARS.
The company who has decided to purchase “Rhode” is “E.l.f Beauty” which is a “powerhouse cosmetics company”.
This sale caused an enormous leap in the target stock price of “E.l.f Beauty” from $75.00 all the way to $125.00. This is due to an impressive revenue growth of 28.28% in the past 12 months.
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