Colgate-Palmolive recently made a move into the space with the acquisitions of EltaMD and PCA Skin.
After investing four years ago, the fund is seeking $662 million for its stake in the Chinese department store operator.
Nautica has better expansion opportunities overseas, where it has an upscale, aspirational reputation.
The British mall operator rejected the bid, which would scupper its offer for Intu Properties.
ABG’s Jamie Salter talks future plans for Nautica and its acquisition pipeline.
The deal between ABG and VF Corp. is said to close by the end of the second quarter.
The deal underscores a broadening of beauty M&A trends beyond brands to related service businesses.