Online cosmetics retailer Feelunique, which was founded in Jersey in 2005, has agreed on a deal to be bought by French cosmetics giant Sephora.
The deal, which marks Sephora's first big push into the UK, values Feelunique at £132m.
Sephora has more than 2,600 stores across 35 countries and sells products from the likes of Chanel, Dior and Fenty Beauty. It was purchased by French luxury goods company LVMH in 1997.
Meanwhile, Feelunique was bought by private equity firm Palamon Capital for £26m in 2012.
The online beauty retailer said earlier this year that it expected sales for the year to surpass £100m.