Neiman Marcus Group completed the acquisition of a minority stake in Fashionphile.

Neiman Marcus Group, a luxury, multi-branded, omni-channel fashion retailer, completed the acquisition of a minority stake in Fashionphile, a pre-owned e-commerce company focused exclusively on ultra-luxury handbags and accessories. Financial terms were not disclosed. “Neiman Marcus is the perfect partner for Fashionphile as we pursue more innovative ways to engage with customers, Since our launch two decades ago, Fashionphile has expanded to become one of the leading and most trusted destinations for pre-owned luxury. I am excited about our future as we enter this new stage in the company’s growth,” Sarah Davis, Fashionphile Founder and President.