(Finance) – Intercosa group active in cosmetics and listed since November 2021, trades positively on Piazza Affari after it has perfected the commercial agreement with Dolce & Gabbana (anticipated on February 8, 2022). The agreement sees Intercos partner of Dolce & Gabbana for the development and production of fragrances and other Hair & Body products, which will support the collaboration that has been active for years between the Dolce & Gabbana brand and Intercos in the make-up segment. The contract provides for a five-year duration until December 31, 2027 and will result in an additional volume of business for Intercos starting mainly from 2023.
“It is with great satisfaction that we announce this new all-Italian partnership between our group and Dolce & Gabbana Beauty – commented the CEO Renato Semerari – The agreement will allow us to further accelerate the development of the younger business unit of Intercos, that of Hair & Body, born in 2017 with the acquisition of Cosmint. We expect Dolce & Gabbana Beauty to become an important player in our market and one of the main customers of the Intercos Group. “
It moves upwards Intercoswhich stands at € 12.32 per share, with an increase of 1.15%. Operationally, expectations are for a continuation of the day in a positive sense with resistance seen at 12.61 and subsequently at 13.18. Support at 12.04.