Pat McGrath Labs has pulled its beauty empire from auction after filing for Chapter 11 bankruptcy just before the sale was set to begin. On Jan. 26, a spokesperson for the makeup brand confirmed the Chapter 11 filing, saying the company plans to continue operating while working toward long-term stability, WWD reported. “During this process, the company will continue operations in the ordinary course of business while working to restructure its balance sheet and to forge a path to thrive,” the spokeswoma ...