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Must Read: Farfetch Invests in Neiman Marcus Group, How Subscription-Based Business Models Tackle Sustainability Issues

Plus, remembering beauty pioneer AJ Crimson.

These are the stories making headlines in fashion on Tuesday.

Farfetch invests in Neiman Marcus Group
Farfetch is making a minority common equity investment of up to $200 million in Neiman Marcus Group to form a strategic partnership with Bergdorf Goodman and Neiman Marcus. Confirmed Tuesday to WWD, the deal will allow NMG to use Farfetch Platform Solutions to re-platform the Bergdorf Goodman website and mobile application. Both Bergdorf Goodman and Neiman Marcus will join the Farfetch Marketplace as a partner, adding participating brands in key global geographies. {WWD

How subscription-based business models tackle sustainability issues
A handful of fashion brands are looking to membership models to get predictable revenue streams and deeper engagement with consumers. Sarah Kent reports on the loyalty-driven strategy for Business of Fashion, using brands like Early Majority and On Running as case studies on how a subscription-based business comes with commercial advantages and sustainable solutions. {Business of Fashion

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Remembering beauty pioneer AJ Crimson 
Jessica Chia, who met AJ Crimson in 2013, penned a tribute to the late makeup artist and brand founder in a piece for Allure. Chia details her working and personal relationship with Crimson, writing that he was "unwaveringly supportive, unwaveringly loving, and unwaveringly determined to fulfill his vision of a truly inclusive beauty landscape." Chia includes words from longtime friends and collaborators who agree that Crimson will leave a legacy of uncompromising inclusion. {Allure

Why Telfar's new bag became the center of mass critique 
Famed for democratizing designer bags, Telfar recently relased a new "it" accessory, which came under fire for its $567 price tag. Scarlett Newman delves into the deep-seated issue of the price tag concern for The Cut, writing that there is a "disconnect between luxury and accessibility in the way people view not only Telfar but Black-owned luxury brands in general." Telfar's price increase, like those of other luxury brands, is due to supply-chain issues and a lack of raw materials, Newman explains. {The Cut

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