No longer in Chapter 11 bankruptcy, Pat McGrath Labs looks toward future with new CEO

attends Barneys New York And Disney Electric Holiday Window Unveiling Hosted By Sarah Jessica Parker, Bob Iger, And Mark Lee on November 14, 2012 in New York City.
the Grio

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The brand’s founder will remain with the company as Chief Creative Officer, as a Florida judge stated she was pleased to see McGrath continue the legacy of the company she built.

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It is a new day for Pat McGrath Labs.

On Friday (Apr. 17), a Florida judge approved the cosmetics giant’s exit from Chapter 11 bankruptcy, three months after the company announced a reorganization strategy. GDA Luma, the Miami-based company that invested $30 million in Pat McGrath Labs, will assume ownership, while the brand’s founder will remain with the company as Chief Creative Officer.

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