The French designer was synonymous with striped sweaters and Left Bank insouciance.
The music star had launched the collection last February during New York Fashion Week.
Cuts may be coming to Condé Nast.
His role will be to develop the company’s e-commerce and contemporary market presence.
Walmart.com and Jet.com will be operated as separate businesses.
The operation, to be closed by the end of the year, is valued at about $818.13 million.
The private equity fund now holds an 85 percent stake in the owner of the L’Autre Chose footwear label.
Signa Retail buys Dress-for-Less in strategic move to boost multichannel activities and online sales.
The new investment comes after Chanel took a minority investment in Sophie Hallette’s parent company Groupe Holesco in April.