Warpaint London, a UK cosmetics manufacturer and owner of the W7 brand, is set to acquire rival Retra Holdings after raising £21.2 million ($28.0 million) in new investment. Retra Holdings owns the Technic, Body Collection and Man’s Stuff brands and generated revenue of £17.5 million ($23.05 million) in 2016. The firm focuses on the ‘gifting’ sector, primarily selling its products through high-street retailers and supermarket chains including Boots, Asda and Matalan. …