Last-minute deal worth €25m saves Pat McGrath's struggling makeup brand

Pat McGrath Labs Still Looking for Buyers

Pat McGrath Labs is being shopped to potential buyers via the bankruptcy process, days after one of the brand's investors, private equity firm GDA Luma, said it had acquired a controlling stake. Gordian Group, Pat McGrath Labs' investment bank, is shopping an "investment and acquisition opportunity" involving the brand. Potential buyers were informed that any transaction must repay debtor-in-possession claims totaling over $60 million, plus an e…

Last-minute deal worth €25m saves Pat McGrath's struggling makeup brand

Pat McGrath Labs has been one of the most exciting makeup brands of the last 10 to 20 years. Created by Dame Pat McGrath, the British-born MUA is an iconic artist known for her visionary work. She is also the chief creative for makeup at Louis Vuitton, and a mainstay backstage at the top fashion shows across the globe. Today's top videos When it was rumoured that her business was hitting the skids a few weeks ago, fans were sad and surprised to…