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.
Donatella Versace will receive the International Award at the 2018 @cfda awards, which were announced tonight. Tap link in bio for a list of all the nominees and honorees. #wwdnews #wwdfashion (📷: @rahirezvanistudio )
The 2018 @cfda Awards nominees are out! @virgilabloh for @off____white for is nominated for Womenswear Designer of the Year. Tap link in bio for all the nominees. #wwdnews #wwdfashion ( 📷: @simonelezzi)
@chanelofficial is suing high-end vintage retailer @whatgoesaroundnyc for trademark infringement, a move that could cost the retailer millions. The French fashion house claims that it’s not only unintentionally sold counterfeit goods on occasion, but that it’s “gone out of its way to create an association with Chanel,” which does not exist. Read Chanel’s statement on WWD.com #wwdnews (@aitorrosasphoto)
Exclusive: Guillaume Henry has left @ninaricci, the fashion house said on Thursday. “After three years of mutually gratifying creative collaboration, Nina Ricci and Guillaume Henry have together decided that the designer will depart the house after the presentation of the fall-winter 2018-19 collection,” Ricci said in a statement. Get all the details on WWD.com #wwdfashion (📷: @aitorrosasphoto)
“When Bella enters a room all heads turn,” said @peterphilipsmakeup, creative and image director for @diormakeup. Last night, the two celebrated the product launch of Dior’s Lacquer Plump in Los Angeles with other celebs like @parisjackson, @winnieharlow and more. Head to WWD.com to see the rest of the photos from the night (📷: @chelsealaurenla) #wwdeye
“These shirts are an art form, it’s about getting the message out to as many people as you can. It breaks down the pretentiousness of the art gallery,” says Kumasi Sadiki, cofounder of @ebayontheblock, a store that sells merchandise by New York artists who are shifting their attention to clothes as a wearable medium. Pictured here is a design by artist @joegarvey_, one of the first to spearhead this movement. Head to WWD.com to read @mistywhitesidell full story on how their designs have become merch for the underground elite #wwdfashion
@netaporter is dedicating a part of its website – called the Fine Jewelry and Watch Destination – to highlight its high-end jewelry. The hub will feature products on the site, as well as incorporate styling advice and educational content about high-priced jewelry items. Get more details on WWD.com. #wwdaccessories
For “The Cher Show,” an upcoming musical based on @cher’s life and career, @bobmackie is once again collaborating with the singer in designing the costumes. For decades, Mackie has designed glitzy stage costumes and red carpet looks for the 71-year-old Grammy winner. Pictured here is a sketch of some of the pieces in the wardrobe of the musical, which is set to debut in Chicago on June 12 before making its way to Broadway #wwdeye