Altuzarra strikes CFDA gold

The young designer received $300,000 for the monetary portion of his prize, while runners-up Pamela Love of Pamela Love Jewelry and Shane Gabier and Chris Peters of Creatures of the Wind garnered $100,000 for each of their labels. Altuzarra will also receive mentoring and business development guidance from fashion industry leaders.

The eighth winner of the Fund prize follows Billy Reid, Sophie Theallet, Alexander Wang, Rogan Gregory of Rogan, Doo-Ri Chung, Trovata and Proenza Schouler into the victor’s circle. Proenza Schouler’s Jack McCollough and Lazaro Hernandez sat on the selection committee this year alongside major editors, designers and retailers.

Nominees and past winners mingled with Hollywood stars at Monday’s awards ceremony. Click here to see Amanda Seyfried, a Wang sandwich, Coco Rocha and more of the best-dressed celebrants... and congratulations to a very deserving winner!

Check out Altuzarra's spring 2012 show