Joseph Altuzarra wins CFDA/Vogue Fashion Fund prize. Pamela Love and Creatures of the Wind named runners-up

CFDA / Vogue Fashion Fund

November 15, 2011, — Last night, the Council of Fashion Designers of America (CFDA) and Vogue announced the recipients of the eighth annual awards from the CFDA/Vogue Fashion Fund (CVFF). The winners and runners-up are:

Winner:
Joseph Altuzarra of Altuzarra
Runners-Up:
Shane Gabier & Chris Peters of Creatures of the Wind
Pamela Love of Pamela Love Jewelry

The winner and runners-up will each meet regularly with an assigned business mentor, based on their specific needs for business expertise and resources; meetings will take place on a monthly or as-needed basis.
Additionally, the winner and runners-up will receive cash prizes—$300,000 for the winner and $100,000 for each of the runners-up. The cash awards are designed to encourage and enable these emerging designers to pursue their design plans. The program has now granted $2.3 million in total to twenty-one design companies, including 3.1 Phillip Lim, Albertus Swanepoel, Alexander Wang, Billy Reid, Derek Lam, Doo.Ri, Eddie Borgo, Monique Péan, Patrik Ervell, Philip Crangi, Prabal Gurung, Proenza Schouler, Rodarte, Rogan, Sophie Theallet, Thakoon, Thom Browne, and Vena Cava.

The CFDA/Vogue Fashion Fund is in partnership with J.CREW, and is generously underwritten by American Express, Appleman Foundation, Barneys New York, Carolina Herrera, Coach, HP (the computer division of Hewlett-Packard), Liz Claiborne Inc, Lord & Taylor, L’Oréal Paris, Nordstrom, Starbucks, thecorner.com-YOOX Group, Theory, Tiffany & Co., Tommy Hilfiger, and Vogue.

On hand at Skylight Soho to celebrate the achievement of this year’s winners and honorees were an array of iconic American designers, including CFDA President Diane von Furstenberg, Vera Wang, Tory Burch, Tommy Hilfiger, Giles Mendel, Bibhu Mohapatra, Zac Posen, Rachel Roy, Francisco Costa, Nicholas Kirkwood, Nicole Miller, Narciso Rodriguez, Olivier Theyskens, and Alice Temperley; as well as Rooney Mara, who presented the Awards to the winners; Calvin Klein, who spoke movingly of his experience in the industry; and former CVFF winners and runners-up Alexander Wang, Billy Reid, David Neville, Eddie Borgo, Georgina Chapman, Jason Wu, Kate & Laura Mulleavy, Keren Craig, Patrik Ervell, Peter Som, Phillip Lim, Prabal Gurung, Thakoon Panichgul, Thom Browne and Waris Ahluwalia. Other notables included Mia Wasikowska, Joe Jonas, Allison Williams, Brooklyn Decker, Coco Rocha, Gaia Repossi, Doutzen Kroes, Ivanka Trump, Jennifer Carpenter, Olivia Wilde, Liya Kebede, Amanda Brooks, Jack Huston, Chloe Moretz, Elettra Rossellini Wiedemann, Elisa Sednaoui, Joan Smalls, Lily Kwong, Marina Rust, Zoe Kravitz, Harley Viera-Newton, Stephanie Wolkoff, Lauren Santo Domingo, Lauren Remington Platt, Michelle Harper, Steven Kolb, and Anna Wintour.

The winner and runners-up were presented with specially commissioned bronze awards created by sculptor Rachel Feinstein. The winner received a swan with its neck tucked delicately under its wing, a design inspired by a Cesar de Santo reproduction of the lost Leonardo Da Vinci painting Leda and the Swan. The two runners-up each received a bronze egg, also crafted by the artist, as part of their award.

On January 26, “The Fashion Fund” will premiere exclusively on Hulu and Hulu Plus. The six-part original series, produced by Break Thru Films and directed by Ricki Stern and Annie Sundberg, offers a behind-the-scenes glimpse into the Fund and the lives of the ten finalists as they make their way through the competition.

The CFDA/Vogue Fashion Fund was established in 2003 to help emerging American design talent find continued success in the business of fashion. This year, 169 individual design businesses requested applications. From the 133 that were completed (a 50% increase over last year), the CVFF Selection Committee selected ten finalists, whose names were announced in July 2011. They were:
A.A. – Antonio Azzuolo
ALTUZARRA – Joseph Altuzarra
CARLOS CAMPOS – Carlos Campos
CREATURES OF THE WIND – Shane Gabier & Chris Peters
CUSHNIE ET OCHS – Michelle Ochs & Carly Cushnie
FINN JEWELRY – Soraya Silchenstedt
FENTON / FALLON – Dana Lorenz
OHNE TITEL – Alexa Adams & Flora Gill
PAMELA LOVE JEWELRY – Pamela Love
SUNO – Max Osterweis & Erin Beatty

“The CFDA/Vogue Fashion Fund continues to ensure that the next generation of American designers get the support that they need to grow and thrive,” said CFDA CEO Steven Kolb. “Over the last eight years, the Fund has helped more than 75 designers succeed in an ever more competitive and more global business.”

The CFDA/Vogue Fashion Fund also provides ongoing mentorship and support to all of the finalists through its Business Advisory Committee. The resource is for guidance and targeted feedback on these designers’ future potential and growth in the business.

The members of the 2011 CFDA/Vogue Fashion Fund Business Advisory Committee are:
Harlan Bratcher, Chief Executive, A/X Armani Exchange
Caroline Brown, President, Carolina Herrera
Brendan Hoffman, Chairman & CEO, Lord & Taylor
Michael Kowalski, Chairman & CEO, Tiffany & Co,
Federico Marchetti, Founder & CEO, Yoox Group
Tom Murry, President & CEO, Calvin Klein, Inc.
Andrew Rosen, President & COO, Theory, LLC
Paula Sutter, President, Diane von Furstenberg
Daniella Vitale, EVP, Chief Merchant, Barneys New York

The 2011 CVFF Selection Committee includes:
Lazaro Hernandez, Cofounder and Designer, Proenza Schouler
Mark Holgate, Fashion News Director, VOGUE
Jeffrey Kalinsky, President, Jeffrey and Executive Vice President, Nordstrom
Jack McCollough, Cofounder and Designer, Proenza Schouler
Steven Kolb, Chief Executive Officer, CFDA
Reed Krakoff, President, Executive Creative Director, Coach
Jenna Lyons, President, Executive Creative Director, J.Crew Group, Inc.
Andrew Rosen, President and Founder, Theory
Diane von Furstenberg, President, CFDA, and President and Founder, Diane von Furstenberg
Anna Wintour, Editor in Chief, VOGUE

To be eligible for the CVFF, an applicant must: 1) have a primary design business in the United States that has been in existence for a minimum of two consecutive years; 2) be a designer of demonstrable talent, as evidenced through substantial and recent editorial coverage, and have support (i.e., orders) from key retailers; and 3) have professional staff (paid and volunteer) that can devote the time and effort required to accomplish the stated aims of an applicant’s design career plans.

ABOUT THE CFDA/VOGUE FASHION FUND:
The CFDA/Vogue Fashion Fund was established to help emerging American design talent find continued success in the business of fashion. It is expected that the awards (in 2010, raised to $300,000 for the winner and $100,000 each to two runners-up) will be used to further develop each designer’s business in such areas as marketing, public relations, production and sales. In addition to the cash prizes, the award also includes mentorship from an esteemed group of industry professionals whose expertise is tailored to the designers’ needs and future goals. Past mentors include Howard Socol, Rose Marie Bravo, Millard “Mickey” Drexler, Mark Lee and Domenico de Sole.

Since its inception in 2003, the program has granted $2.3 million to twenty-one design companies, including winners Billy Reid, Alexander Wang, Doo-Ri, Proenza Schouler, Rogan, Sophie Theallet, Trovata, and runners-up Eddie Borgo, Prabal Gurung, 3.1 Phillip Lim, Albertus Swanepoel, Derek Lam, Monique Péan, Patrik Ervell, Philip Crangi, Rodarte, Thakoon, Thom Browne, and Vena Cava.

In 2007, the CFDA/Vogue Fashion Fund created a separate Business Advisory Committee to review the applications of the ten CVFF Finalists (independently of the Selection Committee) with the intent of providing a more focused business perspective and targeted feedback on the designers’ future potential in the business. The Business Advisory Committee will also be available to the seven finalists (who are not chosen as a winner / runner-up) as an on-going resource for mentoring, questions & answers and guidance.