Pat McGrath Labs seeks a buyer

Group 1 - Pat McGrath Labs is seeking a buyer, with Hilco Global highlighting the brand's reputation for high-performance formulas and iconic products [3][4] - The brand was founded in 2015 by renowned makeup artist Pat McGrath and has collaborated with luxury brands such as Prada, Valentino, and Versace [4] - In 2018, Eurazeo Brands invested $60 million into Pat McGrath Labs, raising total funding to $88 million, aimed at expanding U.S. distribution and meeting global demand [5] Group 2 - Hilco Global is conducting an auction for Pat McGrath Labs' assets, with bids accepted until January 26, and the auction scheduled for January 27 [7] - The auction will be held via Zoom, with an option for in-person attendance, and assets will be sold on an as-is basis [7] - Hilco Global has not verified the financial performance of Pat McGrath Labs and advises bidders to perform their own due diligence [7]