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 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,

Hailey Bieber's business is standing on its own regardless of speculation on the future of her $1 billion Rhode deal. On July 10, Hailey's husband, Justin Bieber, reportedly settled a financial dispute with his former manager,