Chapter 11 bankruptcy

What is Chapter 11 Bankruptcy, and Why Has Pat McGrath Labs Filed for It?

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Chapter 11 Bankruptcy

Pat McGrath Labs, once a symbol of luxury beauty’s creative and commercial power, has entered Chapter 11 bankruptcy protection after nearly a decade in the cosmetics market. Founded in 2015 by legendary makeup artist Pat McGrath, the brand helped redefine modern makeup through high-impact pigments, runway-driven innovation, and a strong direct-to-consumer presence. Court filings from … Read more

American Electric Truck Maker Company Nikola Files for Chapter 11 Bankruptcy

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Nikola

Nikola Corporation, once hailed as a revolutionary player in the electric and hydrogen-powered vehicle market, has officially filed for Chapter 11 bankruptcy. The Phoenix-based startup, which aimed to disrupt the commercial trucking industry with zero-emission solutions, has faced significant challenges over the past decade. Despite initial investor enthusiasm and strategic partnerships, Company struggled to deliver … Read more