Black-Owned Cosmetics Line, Pat Mcgrath Labs, Said To Surpass Kylie Jenner’s In Valuation

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Black-owned makeup line Pat McGrath Labs recently secured a $60 million deal from New York-based investment firm Eurazeo Brands, with beauty industry insiders speculating that its valuation has been raised to $1 billion and surpassing that of Kylie Jenner’s cosmetics company (valued at $800 million), according to a press release from the investment firm. Eurozeo will become minority shareholders in Pat McGrath Labs

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