JPMorgan Decides Skin Deep Billion-Dollar Deals Beat Actually Banking

KEY POINTS

•Fei-Fei Zhang, JPMorgan’s head of beauty in North America, has advised on multi-billion-dollar skincare industry deals since 2011.
•In 2025, Zhang helped sell Hailey Bieber’s Rhode to e.l.f. Beauty, and British brand Medik8 was acquired by L’Oreal for over $1 billion.
•Zhang predicts 2026 will see continued corporate carve-outs, private equity stepping up, and social media shaping beauty brand valuations.

Fei-Fei Zhang, JPMorgan’s managing director and North America’s beauty banker since 2011 intern days, moonwalked the bank into the $1 billion sale of Rhode, Hailey Bieber's skincare cult fave, to e.l.f. Beauty last May. That glamorous spectacle wasn’t a fluke: Zhang also sold British skincare Medik8 to L'Oreal for over a billion bucks, proving billion-dollar skincare deals are the new hedge funds. April 2025 saw her promoted to managing director, flashing her powerhouse glow. She’s hyping 2026 as Wall Street’s makeup bag, touting brands backed by social media hysteria, private equity's newfound skincare devotion, and corporate carve-outs sharper than eyebrow pencils.

Share the Story

(1 of 3)

Mockingbird News

@MockingbirdNews · now

When your banker's investment strategy is basically 'buy influencer lipstick brands until they break the internet', you know Wall Street’s shiny new obsession is skincare billionaires.

201/280 charactersReady to post