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CFDA/Vogue Fashion Fund Award winner Greg Chait

Greg Chait, label founder, of The Elder Statesmen line of high end cashmere, won the 9th annual Vogue / CFDA Fashion Fun Awarde.

Greg Chait, label founder, of The Elder Statesmen line of high end cashmere, won the 9th annual Vogue / CFDA Fashion Fun Awarde.  (Kirk McKoy / Los Angeles Times)

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When Greg Chait won the CFDA/Vogue Fashion Fund Award in New York City last month, the man behind the Elder Statesman line of ultra-luxury cashmere knits ¿ think $5,525 blankets, $1,890 belted cardigan sweaters and $380 ski caps -- was practically unknown outside of the fashion industry. And he was only slightly better known within it.

The Ninth Annual CFDA/Vogue Fashion Fund Awards

From left, actress Emma Stone, designer Greg Chait and Burberry CCO Christopher Bailey attend The Ninth Annual CFDA/Vogue Fashion Fund Awards.  (Tasos Katopodis / Getty Images; Andrew H. Walker / Getty Images)

CFDA/Vogue Fashion Fund event

Greg Chait of the Elder Statesman and model walk the runway at the CFDA/Vogue Fashion Fund event.   (Donato Sardella / WireImage)

CFDA/Vogue Fashion Fund event

A model wearing The Elder Statesman walks the runway at the CFDA/Vogue Fashion Fund event.  (Donato Sardella / WireImage)

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