The acquisition of Hailey Bieber’s brand, Rhode, by E.l.f. Beauty drove $20 million in media impact value for the brand within just 48 hours, according to a new report from Launchmetrics. MIV is a proprietary metric that assigns an actual monetary value to marketing strategies across print, online and social media to calculate return on investment.

Hailey Bieber knows the right decision when she sees it. Bieber, 28, opened up to The Business of Fashion about selling her beauty line, Rhode, to e.l.f. Beauty for $1 billion on Wednesday, June 11. "Rhode is like my baby,

At the Business of Beauty Global Forum, the entrepreneur reflected on the new partnership and said that she sees rhode becoming a "legacy brand"