>> Although London Fashion Week is at risk of being squeezed out by New York and Milan next season — Diane von Furstenberg is in town to discuss the matter — Harold Tillman, chairmain of the British Fashion Council, had a more positive announcement to make last night.

Britain's largest-ever emerging talent fashion fund — modeled after the CFDA/Vogue Fashion Fund — is being launched, with backing from Topshop owner Sir Philip Green and Erin O'Connor, who is vice-chairman of London Fashion Week.  The first awards will be given out next year — and considering the forward-thinking talent pool that comes out of London, I can't wait.
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