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Billy Reid wins 2010 CFDA/Vogue Fashion Fund award

It's turning out to be quite a year for Billy Reid. In February, the Florence, Ala.-based menswear designer won GQ magazine's award for best new designer, which resulted in a collaborative Levi Strauss Rage_billyreid workwear-inspired capsule collection that hit stores this fall.

Then, on Tuesday night, at a New York City gala, he took home the CFDA/Vogue Fashion Fund prize.

Reid was chosen from a field of 10 finalists that included Altuzarra's Joseph Altuzarra, Christina Cota, Gregory Parkinson, Eddie Borgo, Prabal Gurung, Loden Dager's Oliver Helden and Paul Marlow, Moss Lipow, Pamela Love and Robert Geller.

The top honor includes a $300,000 cash prize and business mentoring. Runners-up Eddie Borgo and Prabal Gurung will also be paired with business mentors, and each of them will recieve $100,000.

Created by the Council of Fashion Designers of America and Vogue magazine, the award is now in its seventh year. Past winners of top honors include  Proenza Schouler (2004), Trovata (2005), Doo-Ri Chung (2006), Rogan (2007), Alexander Wang (2008), and, most recently, Sophie Théallet in 2009.

-- Adam Tschorn

New York Fashion Week: Opportunity knocks and Billy Reid opens the door(s)

Photo: Menswear designer Billy Reid, right, with singer-songwriters Robert Francis, left, and Charlie Mars, center, at a November 2010 Vogue magazine photo shoot. Credit: Norman Jean Roy

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