The $175 million deal includes the Emeril Lagasse brand.

The U.K. online marketplace and retailer said it will continue to promote indie designer brands.

Byland was set up by the brand’s Chinese franchise partner, Rebecca Feng.

The transaction is set to close April 17.

The move comes amid Sir Philip Green’s ongoing restructuring of the retail group.

The president of the company, Emiliano Nitti, said investments totaled 58 million euros in the 2016-18 period, according to the unions.

A member of the unions noted Bluestar Alliance, Philipp Plein and Renzo Rosso’s OTB are still showing interest in buying the company.

All stores in North America went dark starting on Saturday and 93 employees were let go. Unions have a strike planned for Monday outside the Florence headquarters.

The Florence-based company is turning to the Court of Milan to continue to operate.

There is speculation that Mayhoola for Investments wants to retreat from the luxury fray.

Unions have announced a strike will take place on April 1.

Garancia offers 38 premium facial and body skin-care products sold through French pharmacies.

Sources say Philipp Plein has distanced himself from negotiations as Paul Surridge on Friday no longer listed his role as creative director of the brand on his Instagram account.

Luxottica founder Leonardo Del Vecchio, the merged group’s largest shareholder, has engaged in a public tit-for-tat with Hubert Sagnières, its executive vice chairman.

The company has bought minority stakes in Kama Ayurveda and Loto del Sur with a view to expanding them.