A Common Thread, the COVID-19 Relief Fund established by the CFDA and VogueMagazine to benefit those in the American fashion industry impacted by the crisis, has announced the recipients of its first round of grants.
to benefit those in the American fashion industry impacted by the crisis, has announced the recipients of its first round of grants. After sorting through some 800 applications, the 10-person committee, which included Thom Browne president Rodrigo Bazan; 3.1 Phillip Lim CEO Wen Zhou; and’s Mark Holgate, chose a mix of famous and unfamiliar names spread across the country from New York to Los Angeles.Fashion Fund best-of-all-time grant,” CFDA President Steven Kolb said yesterday.
“It’s about putting cash back into the system,” Kolb explained. “It could be a store who has invoices that haven’t paid for delivered merchandise, a brand that owed money to a factory for work that was done, or another brand that didn’t get PPP [Paycheck Protection Program] money. You’re paying one that’s paying another; it feeds the ecosystem of fashion.” The CFDA isn’t sharing figures about who will receive what, but this first round will distribute approximately $2.
Kolb acknowledged that the micro grants are no guarantee that these designers, retailers, and factories will overcome the challenges of running a fashion business in a post-pandemic world, but the committee did make its selections with an eye to future success.
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