Pat McGrath Labs Exits Chapter 11 Bankruptcy with New Owner
Pat McGrath Labs has exited Chapter 11 bankruptcy with a new owner, GDA Luma, which will take a controlling stake. Founder Pat McGrath will transition to Chief Creative Officer and transfer her equity to GDA Luma. The company plans to accelerate innovation and global expansion under the new ownership.
Tickers: $PML
Topics: acquisition bankruptcy brand ownership CEO transition restructuring