🚨BREAKING BEAUTY NEWS 🚨 @Pat McGrath Labs has officially filed for bankruptcy just one week after being put up for auction. But don’t panic beauty queens, it sounds way scarier than it actually is. This is most likely a strategic reset, giving the brand a clean slate to restructure, reinvent, and come back stronger operationally. Pat is a true visionary artist, and sometimes that level of creative brilliance doesn’t always translate into business systems and scalability. This is definition the beginning of a whole new chapter for Pat McGrath Labs. We just don’t know if going to be a good or bad chapter. And listen… should the lipstick lesbians buy Pat McGrath? Kidding. Mostly. A girl can dream 😅 #beautyindustry #patmcgrathlabs #beautynews #beautybrand #luxurymakeup