FASHION Magazine

I wish I could tell you that after a transatlantic red-eye and a nap, my first day in Paris started with something noble, like the sculpture exhibit by contemporary British artist Tony Cragg at the Louvre. But, heck, Colette and Chanel have teamed up to create an “ephemeral boutique,” conveniently around the corner from my hotel!

The 10 finalists for the CFDA/Vogue Fashion Fund have been announced. The first place winner of the fund, which was created to give up-and-coming young designers that financial oomph they need run their businesses, receives US$200,000 and the runner up gets a (very) consoling US$50,000. On the list of finalists are the likes of jewellery designer Eddie Borgo, Joseph Altuzarra, who’s worked with Marc Jacobs and at Givenchy with Riccardo Tisci, and Prabal Gurung, who dressed Michelle Obama for the White House Correspondents’ dinner. Past winners include Sophie Théallet and Alexander Wang–and see how well that went for him.

See the full list after the jump.