Plus, a look at why people turn to knitting during times of turmoil.

The news comes after months of rumors about a deal.

The brand's founder, Tiffany Masterson, will remain on board and promises consumers a seamless transition to the Japanese beauty conglomerate.

The luxury beauty company is also supposedly on track for $100 million in sales this year.

The fast-growing luxury e-marketplace just turbo-boosted its sneaker and streetwear arm.

The terms of the deal have not been disclosed.

By Kilian, launched by a Hennessy heir, includes pricy perfumes and scented jewelry.

The company plans to integrate the flash sales site with Saks Off 5th.

The deal could still fall through at this point, though.

Former owner Sycamore Partners continues to offload its fashion and footwear brands.

Last week, reports emerged that Amazon was looking to buy the luxury fashion site. Now it's got some competition.