London-based Erdem Moralioglu beat out Christopher Kane, Angel Jackson, Clements Ribeiro, E. Tautz, Marios Schwab, Nicholas Kirkwood, and Richard Nicol to win the first BFC/Vogue Designer Fashion Fund award, taking home the cash prize of £200,000.
Erdem told Vogue.com UK last week that should he win the grand prize, he would use the funds to hire more staff and invest in a new studio space.
"It is an honour," Moralioglu said upon receiving the award. "The prize will help us to take our business to the next level. It is so integral for us to be showing in London and the support of the BFC and Vogue will allow us to grow our business internationally. It is such an exciting time for us."
Of the eight finalists, Erdem was selected for his "strong design signature and clear vision for the immediate development and growth of his business," the BFC said.