Must Read: Christopher John Rogers Wins The CFDA/Vogue Fashion Fund, Is Streetwear Becoming Monotonous?

Plus, Prada signs first fashion sustainability-linked loan.
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These are the stories making headlines in fashion on Tuesday.

Christopher John Rogers attends the CFDA/Vogue Fashion Fund 2019 Awards on November 04, 2019 in New York City. Photo: Jamie McCarthy/Getty Images

Christopher John Rogers attends the CFDA/Vogue Fashion Fund 2019 Awards on November 04, 2019 in New York City. Photo: Jamie McCarthy/Getty Images

Christopher John Rogers wins the CFDA/Vogue Fashion Fund
The 2019 CFDA/Vogue Fashion Fund winner is designer Christopher John Rogers, who will be taking home the grand prize of $400,000. The 25-year-old newcomer received a standing ovation at his New York Fashion Week runway debut and has dressed icons such as Michelle Obama, Rihanna, Lizzo and Tracee Ellis Ross. {Fashionista inbox}

Is streetwear becoming monotonous?
The lack of passion for current streetwear brands was evident at this year's hypebeast convention ComplexCon. Recurring eventgoers say that the conference was significantly less busy than in previous years and note that streetwear has become mainstream, with corporations, partnerships and money diluting the subcultures that define streetwear. {WWD}

Fashion's Next Big Thing has already dressed notable stars
Christopher John Rogers, officially fashion's Next Big Thing following his Fashion Fund Award, has already won an equally prestigious prize: the approval of Michelle Obama. For the former First Lady's final evening of her book tour in May, Rogers created a custom iridescent cyan suit with Swarovski crystals. {The New York Times}

Prada signs first fashion sustainability-linked loan
Prada has signed a loan with Crédit Agricole Group, who will grant the house €50 million through a five-year sustainability term loan. The loan allows for interest to be adjusted if Prada meets certain sustainability goals. The Italian luxury house aims to integrate sustainability as a key element into its fashion strategy with this loan, a first of its kind in the industry. {Vogue Business

How Moncler's flexible business strategies remain successful
Italian apparel brand Moncler, best known for its down jackets and winter wear, has an ever-changing business plan that continually works. What was once the very start of seasonal designer collaborations is now a monthly "drops" model. The "Genius" plan involves limited-edition capsule collections designed by rotating designers. {Business of Fashion}

Kate Spade performance is dragging parent company down
Tapestry, Inc., the parent company of Kate Spade, Coach, and Stuart Weitzman, reports that Coach boosted revenues by 1% from last year with Kate Spade falling 6% and Stuart Weitzman by 9%. The Kate Spade drop was reportedly expected, while Stuart Weitzman suffered at the hand of lower wholesale demand and continued operational challenges. {Tapestry}

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