Xavier Marie, founder of home decor firm Maisons du Monde, has bought an 80 percent stake from private equity firm Change Capital Partners.
The French brand famous for its crocodile logo has taken an 80 percent stake in the company.
The Parisian department store will boost its shift online and broaden its offer of home furnishings through the tie-up.
Marquee plans on making more acquisitions for its brand portfolio.
The deal, still subject to customary closing conditions, is expected to close by the end of 2017.
Having sold Jimmy Choo, JAB is looking to find new homes for Bally and Belstaff.
After a busy first half, Italian investors are busy finalizing deals in the designer apparel and eyewear sectors.
Glossybox is said to have about 50 million pounds in revenues.
Sources say it remains unclear how much of the company they’re willing to give up.
The deal marks the firm’s first investment from its new fund.
The deal will allow the jewelry designer to expand into all manner of lifestyle products.
The company reports Q2 results today.