Alexander Wang Makes Bank With Swiss Textiles Win

Last week, Alexander Wang collected a €100,000 ($147,000) prize, after winning the 2009 Swiss Textiles Award. His is the second American design house to nab Central Europe's most coveted fashion prize, which celebrated its 10th anniversary this month. New York-based Wang beat out a field of six candidates, including Vogue favorites Thakoon and Ohne Titel.

Kate Mulleavy, one-half of last year's winner Rodarte, presented the award to Wang. Mulleavy told British Vogue:

"The investment made such a difference for us in the past year — we have taken the business in a direction we just couldn't have otherwise — and I'm sure it will change things for Alex too."Continue reading...