Warburg Pincus, TPG-backed Neiman Marcus enters China
Neiman Marcus Group, the US luxury retailer owned by Warburg Pincus and TPG Capital, has invested $28 million for a minority stake in Hong Kong-based luxury e-commerce site Glamour Sales.
The acquirer, which was taken private by its buyout house backers in 2005, plans to launch a sales website in China with Shanghai-based Glamour Sales by the end of this year, which will be Neiman's first...
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