A year ago to the day,\u00a0<\/strong>the Italian Group had announced three major events taking place within a few months\u2019 times<\/strong>. On the one hand, the 20.5% equity participation in the Company of the Ontario Teachers\u2019 Pension Plan (Otpp), then the acquisition of the Italian company Cosmint, specialized in the production of skincare, hair-care and body-care products. And finally, as part of the joint venture with the Shinsegae Group in 2016, the commissioning of one of the most modern cosmetics production plants in Asia. This year, innovation remains more than ever the spearhead of the Company. <\/strong>Explanations by Dario Ferrari, CEO.<\/strong><\/p>\n <\/p>\n Premium Beauty News – The year 2017 will be remembered by Intercos officials as banner year… What about 2018?<\/strong><\/p>\n Dario Ferrari –<\/strong>\u00a0We are clearly not in the same configuration. Globally, in 2017 demand was strong, especially in the field of make-up. This year, on the other hand, it was more difficult, and this is true whatever the place in the world. Yet, skincare has succeeded in staying afloat and if brand owners managed to achieve significant growth, it certainly due to this sector.\u00a0What is driving the market today is both the prestige market and, geographically-speaking, the Chinese market<\/strong>where the skincare category has more than doubled from one year to the other. Europe is clearly at a standstill in terms of growth.<\/p>\n
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