mary Katrantzou.jpgThe winner of this year's Swiss Textiles Award has gone to Mary Katrantzou. The Greek-born designer took out the prize by beating out fellow designers Jason Wu, Duro Olowu, Adam Kimmel, Juun J and Damir Doma.

Part of the award includes taking home a cool €100,000 in prize money to put towards her growing fashion business. While €10,000 of that prize will be used to purchase Swiss textiles.

"I'm stunned. It was such a big build up and I cried backstage so I think that says it all," she said. "The financial support is amazing at a stage when the business is growing and it's so important to have that support. It's a very prestigious award, it's a benchmark and a great honour."

Katrantzou follows in the footsteps of Alexander Wang who won the award last year.