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Swarovski, CFDA Part Ways for Fashion Awards

The CFDA Fashion Awards and Swarovski are parting ways after a 17-year run.
The two organizations won’t be partnering on the 2019 CFDA Fashion Awards, that takes place June 3. Swarovski has been the main sponsor of the industry event.
“After an incredible 17-year partnership on the CFDA Fashion Awards, the CFDA and Swarovski have decided to shift the scope of the relationship and work on other programs to support American fashion. We appreciate Swarovski’s tremendous support of American fashion and look forward to our continued work to support the fashion industry,” said Steven Kolb, president and chief executive officer of the CFDA.
Nadja Swarovski, member of the Swarovski executive board, said, “We are proud of our 17-year partnership with the CFDA Fashion Awards, including our support and recognition of 45 designers through the Swarovski Award for Emerging Talent and the Swarovski Award for Positive Change. Swarovski looks forward to continued support of the next generation of American talent through our diverse range of fashion support programs.”
In 2017, CFDA established the Swarovski Award for Positive Change, which honors an American individual in the fashion industry who has made an impact on American communities and improves the welfare of others through civic responsibility, philanthropy

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Via:: https://wwd.com/fashion-news/fashion-scoops/swarovski-cfda-part-ways-for-fashion-awards-1203065934/