Neiman Marcus Group has bought a minority stake in Fashionphile, a 20-year-old business specializing in the buying and selling of used luxury handbags, jewelry and accessories. The purchase price and the percent of Fashionphile now owned by Neiman Marcus was not disclosed.

Fashionphile operates a web site as well as four physical showrooms, where customers can drop off their items and shop online. It primarily sells via its web site, Fashionphile.com. Neiman's will not be engaged in re-commerce, also referred to as resale, though certain Neiman Marcus stores will serve as drop-off points for Fashionphile.

That deal reflected Neiman's intent to greatly grow its online business, tap into customers around the world and go head-to-head with similar global online retailers.

full article "Neiman Marcus takes stake in Fashionphile" by wwd