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 terms of the deal have not been disclosed.
By Kilian, launched by a Hennessy heir, includes pricy perfumes and scented jewelry.
The deal could still fall through at this point, though.
Former owner Sycamore Partners continues to offload its fashion and footwear brands.
Not only does this diversify Fits.me's product offering, but it marks the London-based company's first big push into the U.S.
The company has already fulfilled its recent pledge to acquire more footwear brands.