Fashion

CFDA announces another round of A Common Thread grant recipients


CFDA announces another round of A Common Thread grant recipients

The CFDA and Vogue have announced the second round of recipients
for the new A Common Thread grant. This round will distribute a total
of 2,015,000 dollars.

Slightly more than half of the total donation will be divided among
36 fashion industry companies, which include 18 brands, 13 retailers,
three factories, and two other businesses or organizations.

In addition to this, the CFDA and Vogue have announced a
contribution of 1 million dollars to ICON 360, a new non-profit
launched by Brandice Daniel of Harlem’s Fashion Row. The organization
will provide forgivable relief to designers of color who are pivoting
their businesses during the COVID-19 pandemic.

“The global pandemic continues to impact the entire fashion
industry, which needs our support now more than ever,” Tom Ford, CFDA
chairman, commented in a statement “This second round of funding
allows us to help additional brands, retailers, and factories through
the severe challenges of this time. We are also incredibly pleased to
be able to provide funding to the new ICON 360 grant program from
Harlem’s Fashion Row, which supports designers of color and reinforces
CFDA’s important work to create systemic change within our
industry.”

The CFDA and Vogue launched A Common Thread in March to help
provide relief to U.S. fashion businesses that have been hurt by the
pandemic. The fund provides grants to all levels of the fashion
ecosystem, including designers, retailers and factories.

A Common Thread has raised a total of 4.9 million dollars.

Image: CFDA



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