Pat McGrath Labs' Valuation Has Surpassed That of Kylie Cosmetics

Pat McGrath Labs' Valuation Has Surpassed That of Kylie Cosmetics

Catch the brand at even more Sephora stores this fall.

Catch the brand at even more Sephora stores this fall.

Text: Tess Garcia

Pat McGrath has practically been running the beauty industry for over a decade, so it only makes sense that her eponymous makeup line is a smashing success.

Fashionista reports that after just two years in existence, Pat McGrath Labs has amassed a total valuation of over $1 billion thanks, in part, to a recent $60 million investment from Eurazeo Brands, a New York firm that has worked with the likes of Moncler and Farfetch. The deal puts the brand approximately $200 mil ahead of Kylie Cosmetics, which Forbes recently valued at $800 million.

"It has always been my dream to create an iconic beauty brand that goes beyond the usual limitations, that lives outside the parameters of what is expected," said McGrath in a press release. "I am thrilled to be working with the unique and expert team at Eurazeo Brands."

Thanks to its rising value we can expect to see Pat McGrath Labs in "90 additional Sephora stores this fall." Metallic smokey eyes and glittery lips for everyone!

Credits: Image via Pat McGrath Labs

UP NEXT

Calvin Klein Reveals First New Fragrance in 13 Years