OFFICE Fashion Group and Italy's GI PICCO'S Cosmetics have jointly established the European Cooperative Laboratory of OFFICE Fashion Group. Founded in 1967, GI PICCO'S Cosmetics is located in Milan, Italy. With unique techniques and processes such as multi-color patterns, three-dimensional powders, baked powders, and compact powders, it has become a globally renowned high-end cosmetics manufacturer and service provider for brands like Estée Lauder and Lancôme. OFFICE Group has reached an agreement with GI PICCO'S by introducing a cooperative model in the Chinese OEM market, facilitating the placement of research and development personnel and sharing of certain formulas.