Can Fashion Save Itself?

THE NEW YORK TIMES
By Vanessa Friedman

Creativ Studio Heinemann/Getty Images

Anna Wintour and the CFDA have raised $4.1 million to help small designers, stores and factories survive. Hundreds have applied. The revelation of the crisis in retail caused by the coronavirus and the global response has coincided with the close of the first round of applications for A Common Thread, American fashion’s self-rescue plan. The initiative was created less than a month ago to help the independent designers, stores and contractors that make up the fashion ecosystem. In the 10-day application period that began April 8, more than 800 companies and individuals from 38 states applied for a slice of what is currently a $4.1 million fund. [More]