Rag & Bone's Marcus Wainwright and David Neville.

Marcus Wainwright and David Neville, who were finalists in 2006, hosted the announcement of this year’s final 10 at their studio in the Meatpacking District.

FUND MEMORIES: Being a CFDA/Vogue Fashion Fund finalist, let alone winner or runner-up, has multiple benefits, and on Wednesday afternoon, Rag & Bone’s Marcus Wainwright and David Neville discussed the impact the program — now in its 10th year — had on their label. The designers, who were finalists in 2006, were hosting the announcement of this year’s final 10 at their studio in New York’s Meatpacking District. “The fund made a great difference to the evolution of our brand and the trajectory of where we were going,” Neville told the crowd, which included Anna Wintour, Steven Kolb, Thakoon Panichgul, Prabal Gurung, Hannah Bronfman, Robert Geller, Pamela Love and Ken Downing. “We had managed to get the business to a reasonable size just on our own backs, and then the fund, and what happened around that time, gave us a lot of confidence to build out what we have today.” As Wainwright put it, “Pretty much everything good that has happened to Rag & Bone has happened since then.”

More recently, this included a trip to Beijing as part of the CFDA/Vogue Fashion Fund’s Americans in China fashion show, which also featured Marchesa and Proenza Schouler.

This story first appeared in the July 12, 2013 issue of WWD. Subscribe Today.

As for the new set of finalists, the selection committee did not take the choices lightly. “It was a spirited debate this morning,” Wainwright said of the meeting earlier that day to determine the crop of designers up for the prize.

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