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Neiman Marcus Group has sold its minority stake in an e-commerce company in China and instead plans to continue selling to online shoppers there directly from the U.S. The Dallas-based luxury retailer paid $38 million for a 44 percent of Glamour Sales Holdings Ltd. The investment was made in early 2012 to help it enter the online business in China.

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http://bizbeatblog.dallasnews.com/2014/04/neiman-marcus-exits-a-china-partnership.html/