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

These are the stories that are making headlines in fashion on Tuesday.

Farfetch invests in Neiman Marcus Group
Farfetch is making a minority equity investment of up to $200 million in Neiman Marcus Group to form a strategic partnership with Bergdorf Goodman and Neiman Marcus. The deal was confirmed to WWD on Tuesday and 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 partners, adding participating brands in key global regions. {WWD}

How Subscription-Based Business Models Address Sustainability Issues
A handful of fashion brands are looking for membership models to gain predictable revenue streams and deeper engagement with consumers. Sarah Kent reports on the loyalty-driven strategy for Business of Fashion, using brands such as Early Majority and On Running as case studies on how a subscription-based company delivers commercial benefits and sustainable solutions. {Business in fashion}

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Memory of beauty pioneer AJ Crimson
Jessica Chia, who met AJ Crimson in 2013, wrote a tribute to the late makeup artist and founder of the brand in a piece for Allure. Describing her work and personal relationship with Crimson, Chia writes that he was “unshakably supportive, unshakably loving and unshakably 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 behind a legacy of uncompromising inclusion. {To tempt}

Why Telfar’s New Bag Became the Center of Mass Criticism?
Telfar, famed for democratizing designer bags, recently released a new “it” accessory, which has come under fire for its $567 price tag. Scarlett Newman dives into the deep-seated issue of The Cut’s price tags, writing that there are a “disconnect between luxury and accessibility in the way people view not only Telfar luxury brands, but Black property in general.” Telfar’s price increase, like other luxury brands, is due to supply chain problems and a lack of raw materials, Newman explains. {The cut}

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

was original published at “https://fashionista.com/2022/04/farfetch-neiman-marcus-group-investment-partnership”

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