The CFDA/ Vogue Fashion Fund celebrated its fifth anniversary at Skylight Studios on Monday night, where keynote speaker John Galliano- in daisy covered top hat, vest, and a pearly suit, no less- advised the audience,”If you want easy, don’t pick fashion”. The crowd was quickly on their feet to applaud him. No doubt, in these economic times, the fashion industry is being reminded of just how tough the business can be. More than ever, the prize money from the Fashion Fund awards can mean a great deal to the new designers. Charlize Theron, wearing Dior, presented the night’s winners. For the second year in a row Vena Cava’s Sophiee Buhai and Lisa Maycock took the $50,000 runners-up prize, along with milliner Albertus Swanepoel. The fund’s top prize, $200,000 and a year’s worth of mentoring, went to Alexander Wang.

The four winners at last night’s soiree, Wang with his date Alice Dellal in his design, the adorable Vena Cava gals, Charlize Theron and John Galliano.Even if he hadn’t taken home the top prize, with great pieces like this beaded vest, Wang’s future is certainly bright.

Source: Style.com