The Weekly Closeout: Pat McGrath Labs exits bankruptcy, GameStop bets on ‘retro’
The cosmetics company forged a deal with GDA Luma, while the gaming retailer is expanding its assortment of older products nationwide.
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Pat McGrath Labs secures $30M financing
The fresh capital comes from an existing lender. Meanwhile, founder Patricia McGrath will become chief creative officer as part of a Chapter 11 restructuring deal.
Inside Pat McGrath Cosmetics’ bankruptcy
The Chapter 11 filings said a lender commenced the auctioning of the brand without founder and CEO Patricia McGrath’s consent.
E.l.f. Beauty launches virtual makeup experience on Roblox
The cosmetics company seeks to attract Gen Alpha and Gen Z shoppers in the gaming universe with avatars that reflect their aesthetic.
Fragrance brand Scents Unearth’d launches exclusively at Target
The brand’s five scents highlight cultures and ingredients from around the world and are available on Target’s website and in stores nationwide.
GameStop’s $56B eBay bid aims to create collectibles powerhouse
The gaming retailer submitted an unsolicited acquisition proposal for the online marketplace and suggested its store fleet could serve as eBay’s fulfillment network.