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 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,