Pat McGrath Labs is being marketed to prospective buyers through bankruptcy proceedings, only days after GDA Luma said it had secured a controlling stake, The Business of Beauty reports. A bankruptcy judge chose Gordian Group as Pat McGrath Labs’ investment bank, which is seeking an “investment and acquisition opportunity” for the brand, as stated in a presentation viewed by BoF. Pat Mcgrath looking for a new investment During the presentation, prospective buyers were told that any transaction must repay debtor-in-possession claims totalling over $60 million, with an additional estimated $70 to
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
Pat McGrath Labs, the luxury beauty brand once valued at more than $1 billion, has filed for Chapter 11 bankruptcy protection, as first reported by WWD. The company will continue operating as it restructures its finances, while founder Pat McGrath remains active in high‑profile creative roles across the fashion and beauty industries. A Once Billion-Dollar Brand Faces Financial Strain Founded in 2015 by British makeup artist Pat McGrath, the brand quickly built global acclaim for its bold pigments and runway-inspired artistry. In 2018, Eurazeo Brands invested $60 million for a
