Warpaint, a cosmetics rival, acquired Barry M, one of Britain's last family-run make-up brands, for £1.4 million, a move that will lead to the closure of Barry M's factory in London and put 100 jobs at risk, according to BBC Business. The acquisition comes after Barry M, founded in 1982, collapsed earlier this month.
The news of the Barry M acquisition comes as other significant events are unfolding globally. In Australia, police reportedly used pepper spray and tear gas on thousands of protesters demonstrating against the visit of Israeli President Isaac Herzog, as reported by Sky News. The protests were held in response to Herzog's visit, which was prompted by an invitation from Australian Prime Minister Anthony Albanese following a shooting at a Hanukkah event in Sydney in December that killed at least 15 people.
Meanwhile, in France, former Culture Minister Jack Lang resigned from his position as president of the Arab World Institute due to revelations about his financial ties to the late financier Jeffrey Epstein, as reported by Euronews. The resignation followed an investigation opened by France's financial prosecutor into Lang and his daughter on suspicion of "aggravated tax fraud laundering," according to authorities.
In other news, plane makers are chasing Asia's super-rich with luxe new private jets, according to BBC Business. Gulfstream's G700 is among the most eye-catching aircraft at the Singapore Airshow, Asia's largest aviation and defense trade fair.
Additionally, Israel is tightening its grip on the occupied West Bank with governance changes, according to Al Jazeera. Palestinians and their supporters say the Israeli changes essentially legalize settlements, in direct violation of the Oslo Accords.
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