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Brand founder, Dame Pat McGrath will serve as chief creative officer as the brand plans new products for 2026.
February 20, 2026
By: Rachel Klemovitch
A private equity firm, GDA Luma, is financing the recapitalization of Pat McGrath Labs. This follows the beauty brand filing for Chapter 11 bankruptcy last month.
A Miami court approved the financing from GDA Luma, so now Pat McGrath can begin a new phase of “strong stewardship and long-term growth.”
As a senior secured creditor, GDA Luma has committed up to $10 million in new Debtor-in-Possession financing. GDA Luma has also committed at least $20 million in post-emergence working capital.
This transaction provides up to $30 million of fresh capital to support the company throughout its Chapter 11 process and to ensure stability and momentum upon emergence.
Founder Dame Pat McGrath will remain a significant equity owner and continue as chief creative officer.
Reports of LVMH Exploring the Sale of Make Up For Ever
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