Last night, Greg Chait of The Elder Statesman was awarded the 2012 CFDA/Vogue Fashion Fund, which pairs him with a business mentor and includes a cash prize of $300,000.
Runners-up Jennifer Meyer Maguire and Tabitha Simmons will also get the gift of mentorship, as well as $100,000.
Chait makes the kind of high-quality knitwear that's almost unbearably appealing, like a kitten — one would use words like "chunky," "cashmere," and "cozy" to describe it, so you can see how his beard is really brand-consistent. Cuddliness should always be recognized and rewarded.
The Elder Statesman is based out of LA, carried by Barneys, and really hipster-y, which isn't unusual for a Fashion Fund-recognized brand.
Joseph Altuzarra, Billy Reid, Sophie Theallet, Alexander Wang, Rogan, Doo.Ri, Trovata, and Proenza Schouler were all previous winners of the prize, maybe the most effective launching pad for young American designers today.
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