Financial News

Private Equity Firm Backs Pat McGrath Labs

Dame Pat McGrath will serve as chief creative officer as new products roll out in 2026.

A private equity firm, GDA Luma, is saving the day at Pat McGrath Labs. As reported in Happi, the beauty brand filed Chapter 11 bankruptcy last month. GDA Luma’s financing in the recapitalization of Pat McGrath Labs was approved in court in Miami and marks the beginning of a new phase of “strong stewardship and long-term growth” for the beauty brand, it contends. Founder Dame Pat McGrath will remain a significant equity owner and continue as chief creative officer. Read our interview with ...

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