The 2009 CFDA/Vogue Fashion Fund Award winners have been announced.
Winner: Sophie Theallet
Runners-up: Monique Pean and Patrick Ervell.
Alber Elbaz shared the following words of wisdom with young designers in the room at Skylight Studios, "Success is like a bottle of perfume. Smell it - don't sniff it and don't drink it."
Source: Norman Jean Roy/Vogue