And the Winner is... Billy Reid

 

The Alabama-based designer, Billy Reid, took home the CFDA/Vogue Fashion Fund's prize, presented to him by Karl Lagerfeld and Carey Mulligan.  He received $300,000 for his business and a one-year mentorship with a leading industry professional.   The two runner ups, Eddie Borgo and Prabal Gurung, also won a mentorship and $100,000.