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A new investment means the company's valuation is more than Kylie Cosmetics.
July 19, 2018
By: Marie Redding
Pat McGrath Labs is now valued at $1 billion, after striking a deal with New York City-based investment firm Eurazeo Brands, reports say. Eurazeo has invested $60 million, and is a minority shareholder in the company — bringing Pat McGrath Labs’ total external funding to $88 million. This surpasses Kylie Cosmetics’ valuation of $800 million. Read Next Kylie Jenner To Be Featured on the Cover of Forbes
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