Investment of over 12 million euros
Between 2023-2024, more than one 12 million euros invested in increasing production and packaging capacities in all product categories.
Construction of a second mass production facility for make-up continues. It will be ready by summer 2024. Ultimately, this will make it possible to double production capacities in this segment.
In the nail category, investments are mainly made in new semi-permanent technology.
Regarding its full-service offering, the group has implemented a plan to increase its make-up packaging capabilities with a strong focus on process automation. The target is to increase their capacity by +30-40 million units between 2023-2024.
The company’s continued globalization will be achieved through organic and external growth based on two main directions:
Expanding the product offer
This will be achieved through both organic growth to include the entire nail category through the semi-permanent category and expansion into the makeup category with the arrival of nude color to IL Cosmetics. Also accelerate the development of new product categories through external growth.
Geographic coverage of locations
We start with a commercial and industrial organization in North America. Therefore IL Cosmetics, Christine Rezagholi, head of US business development. The second phase of the group’s geographical expansion will be Italy.
Ultimately, the aim is to offer a complete make-up range to satisfy brands looking for a reliable partner who can support them in their entire development.