PatMcgrath Labs has exited Chapter 11 bankruptcy with a new owner, according to Business of Fashion. GDA Luma will hold a controlling equity interest by creating a new holding company.  McGrath will remain in her role as chief creative officer, but her equity will be transferred to GDA Luma. “Pat McGrath Labs is an iconic brand with extraordinary creative equity and global potential,” said Gabriel de Alba, Founder and Managing Partner of GDA Luma, in a press release. “Our priority has been to stabilize the foundation of the business, implement