Cosmetics

Greek startup makes cosmetics out of coffee residue

Greek startup Coffee-eco, based in the western city of Patra, produces sunscreen, lip balm, face scrub, and anti-aging and moisturizing creams from coffee residue.

The effort got the attention of coffee chain Coffee Island, which has invested €400,000 in the startup, allowing it to set up a factory in Patra's industrial zone to produce its AuraSkin line of cosmetics.

Cosmetics turnover set to fall 11%

Greek cosmetics firms are expected to show an 11% decline in turnover at the end of the year, ending a growth run that itself had followed seven lean years during the financial crisis.

According to data by market research firm ICAP, total turnover for Greek cosmetics firms will reach 772 million euros, in wholesale prices, from €867 million in 2019.

Forbes: Kylie Jenner is Not a Billionaire and Has Presented False Information

Forbes magazine has struck reality TV star and entrepreneur Kylie Jenner from its list of billionaires, and accused her family of inflating the value of her cosmetics business.

Forbes said the family went to "unusual lengths" to present its youngest member as richer than she was.

In tweets, Jenner dismissed the article as "inaccurate statements and unproven assumptions lol".

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