By  on March 22, 2012

SHANGHAI — The Neiman Marcus Group said Thursday that it is taking a "non-controlling" strategic stake in Asia-based e-commerce company Glamour Sales Holding by investing $28 million.

This will be the American retailer's first foray into China. Neiman Marcus said it intends to launch a full-price, luxury  e-commerce website in China through Glamour Sales by the end of 2012.

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