Neiman Marcus Takes Minority Stake In Luxury Reseller Fashionphile

Neiman Marcus will acquire a minority stake in Fashionphile, a pre-owned luxury handbag and accessory retailer, marking the department store’s entry into the resale market. The size of the investment was not disclosed.

As part of the alliance, Neiman Marcus in-store shoppers will be able to receive a quote on their items from Fashionphile, along with immediate payment that can be used to purchase new items from Neiman Marcus. However, pre-owned merchandise will continue to be sold exclusively through Fashionphile.

“Our investment in Fashionphile is an exciting step in Neiman Marcus Group’s transformation into a luxury customer platform, as we work to better serve our customers, continue to shape the future of luxury and position Neiman Marcus for long-term and sustainable growth,” said…