Friday, July 20, 2018

Pat McGrath Labs Valued at $1 Billion


Two months ago Kim Kardashian got put on blast for copying make-up mogul Pat McGrath's color pallet after they collaborated on a project [click here if you missed that].

In totally unrelated news, Pat McGrath's make-up empire has just been valued at $1 billion...

From Women's Wear Daily
Pat McGrath Labs — the beauty operation of makeup artist Pat McGrath — has received a $60 million minority investment from Eurazeo Brands.
Terms of Eurazeo’s investment were not disclosed, but industry sources said the firm is estimated to have taken a 5 to 8 percent stake in the business at a valuation of more than $1 billion. 
Industry sources said the business is growing quickly and is expected to do more than $60 million in retail sales for 2018. 

12 comments:

dreadee said...

Good for her!

No Forbes cover though....wonder why? :/

Anonymous said...

Yaaasss, Ms. McGrath......She Ready!!!

Niyabinghi/ObeahWomanWarrior said...

Congrats to this sister.

Anonymous said...

Can We Say "Self-Made" 4 Real!!!

https://en.wikipedia.org/wiki/Pat_McGrath_(make-up_artist)

#She Did That!!!

L. Eller said...

Go in, sister Pat!!! Congrats on this amazing accomplishment

Kwana said...

Yes, this news made smile many congrats and a true and factual self made boss businesswoman.
Now Fenty Beauty is next!

Anonymous said...

@3:17 STFU! Fenty is not next!

And I'm happy for this woman but I'm not surprised by this news because Pat's cosmetics are ridiculously overpriced!

Anonymous said...

@4:24. Facts

✿✿Dotty✿✿ said...

You know this upsets me. The real billionaire who MADE it to a billion for real isn't on Forbes. The attention media whore whose company is valued at $900,000 made it to the billionaire cover and has that shit ass IG comedian creating a go-fund me so that fans can help her get richer and make her mark. Fuck FORBES!

Kwana said...

Like I said I'm wishing Fenty Beauty next!!!!!

Anonymous said...

@6:45

It won't be.Fentry is nothing unique.

Anonymous said...

The Forbes article is about America's self-made rich women. Pat McGrath is British.

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