Neiman Marcus Group (Dallas) has acquired a minority stake in Fashionphile, a pre-owned e-commerce company focused on luxury handbags and accessories, according to a press release. The fast-growing segment is projected to grow to $23 billion by 2023.
“Our investment in Fashionphile is an exciting step in Neiman Marcus Group’s transformation into a luxury customer platform,” said Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group. “Over half our customers already engage in pre-owned luxury, and this exclusive partnership exemplifies our commitment to providing our customers with services and offerings they want and need.
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