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.
Qatar Luxury Group is ceding control through a 13.3 million-euro recapitalization deal for the leather goods maker.
The Buccellati family and private equity Clessidra SGR retain a 15 percent stake in the jewelry firm.
With the two big hedge funds no longer considering a bid for Sears Canada, others might decide to make an offer.
The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories.