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What Are Prabal Gurung and Eddie Borgo Doing With Their $100,000 CFDA/Vogue Fashion Fund Awards?

>> Now that Prabal Gurung and Eddie Borgo each have an extra $100,000 in their pockets, thanks to the CFDA/Vogue Fashion Fund, how do they plan to put it to use? “It’s going straight back into the business," Gurung said. Earlier this month, Gurung told Styelist that if he won, "I would immediately launch into resort and pre-fall and some e-commerce and hire a few people. I would expand into different categories, as well, so the money would really be put into good use." And Borgo is already plotting to hire additional staff and relocate his studio to a larger space in downtown New York: “I’ve always felt very confident in our abilities to expand the brand. The difference is now, with this award, it puts so many resources at our fingertips. The monetary value and the mentorship is so fantastic, to have access to this committee of amazing fashion and business professionals.… I feel a sense of community, which is really special.” [WWD, Stylelist]

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