Eurazeo invests in the beauty brand Pat McGrath Labs

Eurazeo invests in beauty. The international investment company announced Monday that it had taken a controlling stake in the capital of US-based company Pat McGrath, based in New York.

Through Eurazeo Brands, the entity invested $ 60 million in the investment cycle launched by the brand, which totaled $ 88 million. dollars. "We are honored to work with Pat, his vision, his talent, his career in the world of beauty led to the birth of Pat McGrath Labs, one of the most valued and innovative brands on the market. market, "said Jill Granoff, director of operations at Victoria's Secret Beauty and currently managing director of Eurazeo Brands. "We look forward to advancing our experience in the field of beauty and fashion brands with the extraordinary creativity of Pat and his team."

Makeup reference in the world and collaborator of Vogue Italia, who participated in the creation of Numbers magazine, the "make-up artist" created its brand in 2016.

Sold on its website and at Sephora North America, Pat McGrath Labs nurtures its growth ambitions. But this capital increase, for which Eurazeo (Desigual, Moncler, Farfetch …) joins One Luxury Group as a minority shareholder in the company, should also allow the company to expand its distribution network. in the United States and internationally. 19659004]