Morgan Stanley-Backed Greek Skincare Brand Korres Opens First Store in China

In December 2017, Luxe.CO published a transaction update about the Greek skincare brand KORRES:
“… In 2017, Morgan Stanley‘s private equity fund, North Haven Private Equity Asia IV, LP, managed by North Haven Private Equity Asia IV, LP, through its subsidiary NHPEA Maiden Holding BV, joined hands with Chinese professional skincare distributor Profex Inc. for a price of 48.3 million euros to acquire 70% of the equity of the Greek pharmaceutical brand KORRES.
As part of the transaction, KORRES and Profex will sign an exclusive authorization and supply agreement, with P …