The Weekly Closeout: Pat McGrath Labs exits bankruptcy, GameStop bets on ‘retro' [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
It's been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we're still thinking about. From initial reactions to the new Lululemon CEO to a revival of a Kellogg's favorite, here's our closeout for the week. What you may have missed Pat McGrath Labs exits bankruptcy with GDA Luma Cosmetics brand Pat McGrath Labs — founded by makeup artist Patricia McGrath — completed its restructuring process and exited Chapter 11 bankruptcy, per a Monday press release. GDA Luma provided about $65 million in financing and holds a controlling equity interest. McGrath will continue to serve in a chief creative officer role. The move comes after the brand filed for bankruptcy in January , outlining deep disputes with lender GDA PMG Funding , which is connected with GDA Luma. GameStop goes all-in on ‘Retro' offering GameStop is expanding its Retro section to all of its U.S. stores by the end of
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GME
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