Pat McGrath Labs Secures $30M in New Funding Amid Chapter 11 Restructuring
By Alexus Mosley
We’ve got some great news for all of the makeup aficionados out there. Pat McGrath Labs just landed a major financial lifeline. Weeks after filing for Chapter 11 bankruptcy protection, the iconic luxury makeup brand has secured $30 million in new financing from existing lender GDA Luma, including $10M in debtor-in-possession funding and $20M earmarked for post-bankruptcy working capital.
As part of the restructuring, founder Pat McGrath will step into the role of Chief Creative Officer, retaining significant ownership while GDA Luma takes a controlling stake.
This cash injection keeps the brand operating, supports its long-term growth strategy, and paves the way for new product launches in early 2026. It’s a major reset for one of beauty’s most influential names.