billy reid.jpgA huge congratulations this morning goes to Billy Reid who blitzed them by winning this year's CFDA/Vogue Fashion Fund overnight. Pocketing a tidy $300,000 and a bronze trophy, Reid beat out fellow nominees including Joseph Altuzarra and Pamela Love to be crowned this year's recipient.

Runners up went to Eddie Borgo and Prabal Gurung, who each received $100,000. It was the seventh annual awards, which recognises and supports emerging designers by offering both a cash incentive and mentorship opportunities.

Reid follows on from past recipients which includes Sophie Theallet, Alexander Wang and the Proenza Schouler lads.