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Beauty company cancels auction a day ahead of its sale.
January 26, 2026
By: Melissa Meisel
A day ahead of being up for public auction, Pat McGrath Labs has cancelled its sale and filed for Chapter 11 bankruptcy, according to reports. The company’s financials are being managed by Hilco Global. “During this process, the company will continue operations in the ordinary course of business while working to restructure its balance sheet and to forge a path to thrive,” Pat McGrath said in a statement. The auction was to be held via Zoom video conference with an option to appear in pers...
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