Investment banking firm Financo Inc. has launched The Financo Scholarship Fund at the Fashion Institute of Technology, in recognition of Joyce Brown, who was recently honored for her 10th anniversary as president of FIT at Financo's 18th Annual Chief Executives dinner.
Scholarships will be awarded to students pursuing full-time bachelor's degrees at FIT, who exhibit a strong commitment to the fashion industry and excel in design or business.
Financo's goal is to raise $1 million for the endowed scholarship, which was established with an initial gift of $150,000 in contributions from Financo, friends and colleagues.
"We designed The Financo Scholarship Fund to recognize students who demonstrate a unique passion for fashion and business," said Gilbert W. Harrison, chairman and chief executive officer of Financo. "FIT has been a critical resource for the fashion and
design-related industries for over 60 years. And today, FIT's role in helping these industries compete in a global environment is more crucial than ever."
Under current criteria for The Financo Scholarship Fund, which will be awarded prior to each fall semester, students who wish to be considered must be: committed to fashion and excellence in either a design or business major; be matriculated full time, with 12 credits or more in a bachelor of fine arts or science program; have a 3.0 grade point average or higher, and demonstrate financial need.
At the Financo dinner, Harrison spoke of his work with Brown and FIT through his role as co-chairman of the Educational Foundation of FIT, a role he shared with John Pomerantz, former chairman of The Leslie Fay Cos.
"Among Joyce's significant contributions...[she strengthened] FIT's faculty and increased its full-time ranks by 20 percent, added diverse and innovative programs [and] established cooperative international partnerships, a much needed campus expansion project," Harrison told the dinner attendees.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews