E.l.f. Beauty CEO Tarang Amin speaks to CNN about why the corporate is growing costs by $1 throughout its total portfolio on August 1. On Wednesday, the beauty firm introduced it purchased Hailey Bieber’s magnificence model, rhode, for $1 billion. Amid President Donald Trump’s chaotic commerce conflict with China, e.l.f. hopes the acquisition is a chance to diversify its provide chain. Right now, about 75% of e.l.f. merchandise are made in China, whereas rhode has suppliers in Europe, the U.S. and different elements of Asia. #cnn #information
