Makeup artist label Pat McGrath Labs has secured a $30 million financing package from the financial firm GDA Luma, according to Business of Fashion. The company filed for bankruptcy in a Miami court earlier this year to restructure its debts. The debt came from a loan obtained in April 2025 from GDA, according to the filings. The package was approved by a Miami, Florida bankruptcy court, which approved $10 million in new debtor-in-possession financing for the makeup brand, plus an additional $20 million in post-emergence working capital, according to a
With a toy makeup kit, Kristen Wells-Collins, a Dallas-based scientist, is redefining pathways into the beauty industry for young girls with science and technology. Black To The Lab Makeup Kit Recognizing the decline in girls’ interest in science around age 11, a statistic cited by Microsoft, Wells-Collins launched “Black to the Lab” in 2020. This innovative $30 toy makeup kit is an educational tool that teaches children as young as six the science behind beauty product formulations. Wells-Collins’ journey started at Prairie View A&M University, initially pursuing a career in pharmacy. However, she
