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 business is standing on its own regardless of speculation on the future of her $1 billion Rhode deal. T he "Peaches" singer reportedly agreed to pay $26 million to Scooter's company, HYBE, to reconcile money they paid to AEG for his canceled 2022 Justice tour, according to insider sources to People and TMZ.

Hailey Bieber denied using the money from the sale of her beauty brand to pay off Justin Bieber and Scooter Braun’s financial settlement. “The historic sale of Rhode is a huge accomplishment for Hailey and is completely separate from her husband and his business affairs,