Greek cosmetics brand Korres has announced the acquisition of Calderdale Trading for €120,000, according to a report published by Neos Kosmos.

Calderdale Trading  is the parent company of Backyard Design, a long-term strategic partner of the Greek cosmetics brand. Korres hopes that the deal will deliver significant cost-saving benefits, as well as boosting its communications activities.

Korres will launch a €2.8 million share capital increase plan to support its acquired companies, safeguarding their services in a cooperation agreement signed with Avon.