Pat McGrath Labs Exits Bankruptcy; GameStop Goes Retro
Looks like even makeup moguls and video game retailers can't escape financial turbulence. Pat McGrath Labs just clawed its way out of bankruptcy, and GameStop's making a nostalgic play.
⚡ Key Takeaways
- Pat McGrath Labs has successfully exited Chapter 11 bankruptcy with financing from GDA Luma, which now holds a controlling equity interest. 𝕏
- GameStop is expanding its 'Retro' gaming section to all U.S. stores, betting on nostalgia and physical media despite declining sales. 𝕏
- Kellogg's is reintroducing toys inside cereal boxes in a promotion tied to the 'Toy Story 5' movie release. 𝕏
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Originally reported by Retail Dive Marketing