In a statement shared with PEOPLE, a rep for Hailey Bieber says her $1 billion Rhode acquisition has nothing to do with her husband Justin Bieber's "business affairs" following his financial settlement with Scooter Braun.

Hailey Bieber's rep responded to a report that Justin Bieber is using money from the sale of Rhode to pay back Scooter Braun.

Hailey Bieber just sold Rhode to E.L.F. Beauty for $1 billion, and reps say it has nothing to do with Justin’s $31M Scooter Braun settlement. While she calls it a power move, fans are split on whether selling was the right call.