Machine-A will continue to have full independence on brand selection and curation, as it works to accelerate its e-commerce business.
The deal gives the data research and insights firm a foothold in China as the country cements its dominance of the global luxury market.
Following a capital increase Advent International Corp. will own an 11.4 percent stake in Dufry.
L Catterton sells the brand for a reported $135 million to the private equity firm owned by mining tycoon Andrew Forrest.
The move came just before a Paris court threw out a request by rival shareholders for Lagardère SCA to hold an exceptional shareholder meeting.
Chanel continues to bolster its supply chain by acquiring companies too small to weather the fallout of the COVID-19 pandemic by themselves.
The deal has an enterprise value of 6.8 billion pounds, and Walmart confirmed it will retain a minority stake in the U.K. supermarket giant.
THG, which joined the London Stock Exchange earlier this month, has purchased the Perricone MD brand for $60 million in cash.