The Italian private equity bought a 51 percent stake in the women’s wear brand designed by Giada Forte.
The move will make it the second-largest brand in the luxury conglomerate’s fashion and leather goods division.
The English sports retailer scooped up Eastern’s assets for little more than an assumption of debt.
The spring collection will be designed ad interim by the brand’s in-house team.
The firm aims to help build buzz around products before, during and after they’re featured in the company’s monthly beauty box.
The acquisition will complement the brand’s portfolio of needlecraft brands, Dollfus-Mieg et Compagnie and Wool and the Gang.
The company is said to need more time to negotiate a sale of the company.
The makeup brush brand will also enter new product categories, including face makeup.
The specialty department store operator intends to keep a number of Gordmans stores open.