According to sources from Bloomberg, Selena Gomez has hired an advisor to review and consider offers to buy her company Rare Beauty. However, this does not mean that Selena will stop doing business in the future because the singer can still participate in this business after selling the company.
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At present, the former Disney star’s cosmetics empire is being valued at $2 billion. Rare Beauty is also rated by The Business of Fashion as one of the most sought after sales targets in 2024.
Selena Gomez founded a cosmetics company in 2020 and received a lot of attention from fans by taking advantage of her celebrity status. Up to now, Rare Beauty attracts consumers thanks to hot products such as blush, lip balm, mascara…
By July 2023, Bloomberg reported that the 1992 star’s company had generated about $70 million in revenue by 2022. By last summer, the company was on track to triple its revenue. Previously, Selena Gomez pledged to donate 1% of the company’s revenue to an internal fund to raise public awareness about mental health.
