Last night, Alexander Wang was awarded the CFDA Vogue Fashion Fund award, granting him a 200,000 dollar allowance and mentorship for one year. The designers of Vena Cava and Albertus Quartus were the runners up and the two brands were each awarded 50,000 dollars and a business mentor. To see photos from last night's event, click here. To see Alexander Wang's Spring 2009 collection, click here.
A 1980's themed Reebok pop-up has opened on the Bowery in honor of the 20th anniversary of the Reebok pump. Limited edition sneakers will run Reebok fans a mere 90 dollars--not much compared to the competition.
Burberry reports a 13.1 percent increase in profits this half, however, the company articulates their concerns that there is worse to come. Burberry stated that U.S. department stores have unexpectedly decreased their re-orders.
Suzy Menkes reports on the new Yohji Yamamoto flagship recently opened in Paris and the cultivation of a new pocket of cutting edge boutiques in the area.