Warpaint, a cosmetics rival, acquired the struggling British makeup brand Barry M, while legal AI startup Harvey is reportedly in talks to raise another $200 million at an $11 billion valuation. In other news, former French Culture Minister Jack Lang resigned from his position at the Arab World Institute amid an investigation into his financial ties to Jeffrey Epstein, and police reportedly used tear gas and pepper spray on protesters in Australia during the visit of Israeli President Isaac Herzog. Meanwhile, users of the music discovery app Musicboard are left in the dark as the app experiences outages and a lack of communication from its operators.
Barry M, a family-run makeup brand founded in 1982 in north London, was purchased out of administration by Warpaint for £1.4 million, according to BBC Business. The acquisition will result in the closure of Barry M's factory in the capital and put 100 jobs at risk. Analysts cited by BBC Business indicated that Barry M had struggled to innovate and keep up with competitors.
Harvey, a legal AI startup, is reportedly in the process of raising an additional $200 million, which would value the company at $11 billion, according to TechCrunch. This follows a previous raise of $160 million at an $8 billion valuation in December. The company's rapid growth has been fueled by continuous investment from venture capitalists.
In France, former Culture Minister Jack Lang resigned from his position as president of the Arab World Institute after revelations of his financial links to the late financier Jeffrey Epstein, as reported by Euronews. French authorities have opened an investigation into Lang and his daughter on suspicion of "aggravated tax fraud laundering."
Thousands of protesters in Australia demonstrated against the visit of Israeli President Isaac Herzog, leading to the use of tear gas and pepper spray by police, according to Sky News. The visit was prompted by an invitation from Australian Prime Minister Anthony Albanese following a shooting at a Hanukkah event in Sydney in December.
Users of the music discovery app Musicboard are facing outages and a lack of communication from the app's operators, according to TechCrunch. The app, which has been downloaded approximately 462,000 times, has seen its website go offline and its Android app disappear from the Play Store. Users have turned to Reddit to seek support and recommend alternative apps.
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