United Kingdom, May 9 -- Hailey Bieber has revealed she refused to sell her skincare brand Rhode for anything less than $1 billion.

Saying she drew a firm "line in the sand" before agreeing to the blockbuster deal that transformed her from celebrity founder into one of the beauty industry's most closely watched entrepreneurs, the model and businesswoman, 29, discussed the sale of Rhode in a new interview with Time, reflecting on the company's rapid rise and her determination to maintain what she described as an accessible approach to skincare following its acquisition by e.l.f. Beauty.

The deal - one of the most talked-about celebrity beauty transactions of the past year - further cemented Hailey's status as a major force in the cosmeti...