Pat McGrath loses control of Pat McGrath Labs amid bankruptcy

Pat McGrath, the world-renowned makeup artist often referred to as the "godmother of makeup," has lost control of her namesake brand, Pat McGrath Labs. Despite the cosmetics empire once being valued at over $1 billion by Forbes, the company has entered a bankruptcy restructuring process as of 2026.

McGrath, born in Northampton, England, rose to prominence in the 1990s, collaborating with industry leaders such as Steven Meisel and John Galliano. She has been responsible for the artistry behind major fashion houses including Prada, Louis Vuitton, and Dior, significantly influencing global beauty trends and runway standards.