(Alliance News) - Intercos Group Spa announced Wednesday that it has signed a strategic partnership with Amarey, an innovative startup specializing in functional products derived from coffee, founded by the Illy family.

On the occasion of Beauty Event 2024, an event that opens the doors to Cosmoprof 2024, the main international trade fair dedicated to the entire beauty industry supply chain, Intercos and Amarey are presenting the first product of this collaboration.

It is an innovative coffee butter with multiple applications and extraordinary toning and emollient properties, which will be available on the market starting March 21, 2024. The collaboration between Intercos and Amarey was born in late 2022. After only a year of scientific research with an open innovation approach, their respective laboratories created a coffee butter, rich in active ingredients and with exceptional cosmetic properties.

The product originates from silverskin, the silvery skin that coats coffee beans, a film that peels off during the roasting process and, until now, was discarded. Silverskin retains a small part of fat that represents a great added value for the world of cosmetics, thanks to its special chemical composition and chemical-physical characteristics.

This novel biomimetic cosmetic component was discovered in 2018 during a circular bio-economy program funded by Fondazione Cariplo and Innovhub, but it was only through work on the extraction process for a cosmetic use of silverskin that Intercos and Amarey laboratories made coffee butter.

Intercos' stock is down 1.0 percent at EUR13.26 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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