Plus, Prada signs first fashion sustainability-linked loan.
Author:Kylie SmithUpdated:Nov 5, 2019Original:Nov 5, 2019These are the stories making headlines in fashion on Tuesday.The 2019 CFDA/Vogue Fashion Fund winner is designer Christopher John Rogers, who will be taking home the grand prize of $400,000. The 25-year-old newcomer received a standing ovation at his New York Fashion Week runway debut and has dressed icons such as Michelle Obama, Rihanna, Lizzo and Tracee Ellis Ross.
{The New York Times}Prada has signed a loan with Crédit Agricole Group, who will grant the house €50 million through a five-year sustainability term loan. The loan allows for interest to be adjusted if Prada meets certain sustainability goals. The Italian luxury house aims to integrate sustainability as a key element into its fashion strategy with this loan, a first of its kind in the industry.
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