Neiman Marcus Is The New Owner Of Fashionphile

It seems everywhere we look it’s obvious that we are in a season of change when it comes to the fashion industry. No longer are people taking a blind eye to the highly negative effects the fashion industry has on so many things, from the environment to fairness for workers to water consumption.

Because of the passion generations now have for improving the fashion industry, secondhand stores seem to be bigger than ever. Not only are shoppers passionate about sites like ThredUp, Poshmark, and more, but there are even small, curated shops showing up locally where thrifters sell their best finds. It’s hardly uncommon to shop small, local, and secondhand.

In the spirit of new-to-you goods, it was recently announced by Business Insider that Neiman Marcus has acquired a minority stake in Fashionphile, an online platform that handles the resale of luxury items like handbags, jewelry, and accessories.

Fashionphile was founded in 1999 by Sarah Davis as an online store, but it now also exists as a brick-and-mortar business with locations in Beverly Hills, New York City, San Francisco, and Carlsbad, California.

For more information on Neiman Marcus acquiring a minority stake in Fashionphile, take a look at the video above.