LAST RIDE: Jean-Louis Dumas performed his last official act as chief executive officer of Hermès International on Tuesday, presenting the French luxury firm’s 2005 profits to its company directors. The figures are to be released to the public on Thursday. Dumas, 68, announced last September that he was stepping down as ceo and artistic director as of January 2006, citing “personal reasons.” Patrick Thomas, an Hermès veteran who rejoined the firm in 2003, now has sole control of the management helm.

NEW ADDITIONS: The third round of the CFDA/Vogue Fashion Fund will kick into high gear Thursday when the Council of Fashion Designers of America begins accepting applications from emerging design talents. This year, the fund sees the addition of two new underwriters: Nordstrom and Theory. They join underwriters Barneys New York, Juicy Couture, Coach, Kellwood Co. and Vogue. Barneys is also stepping up its commitment to the fund, whose winners will be announced next fall, and Gucci has made an undisclosed donation to it. Last year, winner Trovata received a cash award of $200,000, and runners-up Derek Lam and Thom Browne took home $50,000 each. In addition, Trovata was mentored by Coach president and executive creative director Reed Krakoff; Derek Lam by Domenico De Sole, and Thom Browne by Dolce & Gabbana USA president Glenn McMahon.

This story first appeared in the March 22, 2006 issue of WWD. Subscribe Today.

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