This JPMorgan banker sold Hailey Bieber's skincare brand for $1 billion. Here's how she spots winners.

Fei-Fei Zhang, a managing director at JPMorgan Chase, helped steer the firm's work on the $1 billion sale of Rhode, the beauty brand co-founded by Hailey Bieber.

Courtesy of JPMorgan

• Beauty has become a major focus area for Wall Street dealmakers.
• JPMorgan's top beauty banker says 2026 could be a big year for the sector.
• Fei-Fei Zhang shares how buyers identify which cosmetics brands are built to last.

The cosmetics industry's glamour has caught Wall Street's eye ...