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Pat McGrath Labs Secures Bankruptcy Financing

A US court approved Florida-based firm GDA Luma’s $30 million infusion into the embattled makeup artistry brand, which will see founder Pat McGrath step into a chief creative officer role.
Pat McGrath cosmetics store.
Following the investment, founder Pat McGrath will retain a "significant" stake and transition from chief executive into a chief creative officer role. (Shutterstock)

On Tuesday, US-based financial firm GDA Luma announced a $30 million financing package for makeup artistry label

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