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Vogue, CFDA raise $4 billion relief fund for US fashion community

The Council of Fashion Designers of America and Vogue have now successfully raised over $4 million in relief funding through A Common Thread, the initiative put together by the partners to support members of the American fashion community impacted by the Covid-19 pandemic. Over 800 applicants have submitted to receive aid from A Common Thread since applications opened on April 8, according to multiple reports. No individual grant will exceed $100,000.

First announced on March 24, contributors to the fund have included PVH Corp with a donation of $50,000; Ralph Lauren who donated $1 million; and Gucci parent company Kering. In addition, the Elaine Gold Launch Pad program, a program created in partnership with the Accessories Council and the CFDA to support companies between zero and three years of age, made a $250,000 donation to A Common Thread, and pledged an additional match of up to $250,000 in donations,.

According to reports, the committee hopes to have the first payments made by May. Globally, The CFDA and Vogue's effort to support its native fashion community have been shared by similar initiatives like the British Fashion Council’s BFC Foundation Fashion Fund for the Covid Crisis and the Camera della Moda fund in Milan

 
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