Anna Wintour and Tom Ford Are Creating a Fashion Rescue Fund – The New York Times

By on March 25, 2020

Not just designers, but seamstresses, patternmakers, manufacturers — all members of the fashion supply chain.

It is a fitting second life for an initiative that began in one crisis but often seemed to have lost its urgency in the last decade. (It’s hard to find 10 worthy new finalists every year to compete.) Though the Fashion Fund crowned such well-known winners and finalists as Proenza Schouler, Joseph Altuzarra, Rag & Bone, Telfar and Kerby Jean-Raymond of Pyer Moss, just as many have experienced a brief flurry of fame and then largely disappeared: Doo-Ri Chung, Behnaz Sarafpour, Trovata, Rogan, Suno. Even a glamorous prize could not help.

Redirecting the money and good will not at publicizing a small group of potential stars, but at bolstering the back ends of many functioning business may be the most modern possible evolution of the idea. (Applicants don’t even have to be part of the club; being a CFDA member or Fashion Fund participant is not a requirement.)

The news follows an announcement on Instagram by Kerby Jean-Raymond of Pyer Moss that he would be “setting aside $50,000 for minority and women owned small creative businesses currently in distress.”

It is unclear at the moment what size grants the Common Thread fund will be able to disperse, or what the criteria for recipients will be — or even who will be on the committee that decides who gets what. But according to insiders, both Anna Wintour, the editor of Vogue, and Tom Ford, the chairman of the CFDA, felt it was imperative that they act as soon as possible to support their community. They could figure out the specifics later.

Source Article from https://www.nytimes.com/2020/03/24/style/coronavirus-fashion-rescue-plan.html
Anna Wintour and Tom Ford Are Creating a Fashion Rescue Fund – The New York Times
https://www.nytimes.com/2020/03/24/style/coronavirus-fashion-rescue-plan.html
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