NEW YORK - Joseph Altuzarra was named winner of this year's CFDA/Vogue Fashion Fund at a gala in New York on Monday, November 14.
Altuzarra had been nominated for the award last year, and was also nominated for the Swarovski Award for Womenswear in 2010 and 2011 at the CFDA Fashion Awards, where he missed out to Prabal Gurung back in June.
The American-based French fashion designer will receive US$300,000 as part of the prize, with runners-up Pamela Love Jewelry and womenswear brand Creatures of the Wind collecting $100,000 each.
Other finalists included Suno's Erin Beatty and Max Osterweis, Carlos Campos, Antonio Azzuolo of A.A. Antonio Azzuolo, Carly Cushnie and Michelle Ochs of Cushnie et Ochs.
Organized by the Council of Fashion Designers of America and Vogue magazine, the CFDA/Vogue Fashion Fund is now in its eighth edition. It helps rising fashion talents with the combination of a cash prize and mentoring.
Previous recipients include Alexander Wang, Proenza Schouler, Prabal Gurung, Derek Lam, and Thakoon. This year fashion insiders including US Vogue editor Anna Wintour and designer Diane von Furstenberg made up the selection committee.
Vogue magazine has partnerships with fashion councils across the globe in its bid to promote rising creators. Earlier this year Scottish designer Christopher Kane received £200,000 (US$317,000) from the British Fashion Council and Vogue Designer Fashion Fund.
Other fashion bursaries include the Dorchester Collection Fashion Prize, whose 2011 edition took place last month and saw jewelry and accessories brand Anndra Neen scoop a $40,000 prize and the chance to showcase creations at the Dorchester Collection's prestigious Hotel Plaza Athénée during Paris Fashion Week next year. -- AFP RELAXNEWS