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Stock impact report

E.l.f. Beauty's CEO wants to make a beauty empire for Gen Z [CNN]

e.l.f. Beauty, Inc. (ELF) 
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.elfcosmetics.com
Company Research Source: CNN
Affordable beauty brand e.l.f. has unlocked something that's mystified many retailers: how to win over the ever-persnickety Gen Z. E.l.f.'s formula has included low price points for high-quality items, TikTok-viral dupes of products from expensive brands, and popular marketing campaigns that manage not to make its youngest audience cringe. With 28 consecutive quarters of sales growth, the strategy appears to be working. Last May, however, e.l.f. Beauty made a huge — and hugely expensive — bet on an entirely new type of business. The company spent $1 billion to acquire rhode, a makeup and skincare brand founded by Hailey Bieber. It's the type of brand e.l.f. typically copies. The acquisition is a big part of the plan laid out by e.l.f. CEO Tarang Amin, who is trying to build the company into a 21st-century beauty conglomerate: inclusive, built for and by Gen Z, and a creator of trends instead of a follower. E.l.f. CEO Tarang Amin spoke with CNN in Oakland, California, on Febru Show less Read more
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