The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The International Woolmark Prize, one of the longest-running fashion prizes awarded to young talent, has announced its next round of finalists.
The United Kingdom’s Bethany Williams and Matty Bovan, France’s Casablanca, Nigeria’s Kenneth Ize, Canada’s Lecavalier and South Africa’s Thebe Magugu will compete for AU$200,000 (about $146,000) and an opportunity to be sold at retailers around the world, with the winner of the Karl Lagerfeld Award for Innovation receiving AU$100,000. They beat out more than 380 applicants in 55 countries for the opportunity.
Some fashion competitions were halted or delayed in 2020 because of the coronavirus outbreak, including the CFDA/Vogue Fashion Fund. (Instead, the two groups raised funds through A Common Thread, an initiative that awarded grants to US-based designers.)
The International Woolmark Prize’s judging panel — including educator, writer and activist Sinéad Burke, Garage magazine fashion director Gabriella Karefa-Johnson, talent scout the and BoF editor-at-large Tim Blanks — will review the six finalists' Merino wool collections in February 2021. In a reflection of the times, the designers' missive is to build each item responsibly through a transparent supply chain, and celebrate the year’s theme of “less is more.”
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At the Vancouver-based yoga lifestyle juggernaut, being Black is ‘off brand,’ according to months of reporting by BoF’s Sheena Butler-Young.
Like many companies in fashion and other industries, the $50 billion yoga apparel brand created a new department in 2020 it said would help improve its diversity and inclusion and create a more equitable playing field for minorities. In interviews with BoF, 14 current and former Black employees said things have only worsened since then.
BoF Careers provides essential sector insights for fashion designers this month, to help you decode fashion’s creative and commercial landscape.