Capri Holdings Foundation is launching a scholarship programme for fashion students

Capri Holdings has launched a new scholarship program that will fund nearly 100 students from underrepresented communities to pursue degrees in fashion and merchandising at four institutions including London's Central Saint Martins.

Capri Holdings, which owns brands including Versace and Jimmy Choo, is launching the initiative as part of its newly-established Foundation for the Advancement of Diversity in Fashion.

The foundation is partnering with University of the Arts' college Central Saint Martins and also the Fashion Institute of Technology (FIT), Howard University and PENSOLE Academy and will last for the next four years, covering tuition, room and board as well as internship-related expenses.

The effort is part of the company’s $20 million pledge to advance equality and promote long-term change in the fashion industry.

John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said: “Our brands are deeply committed to helping students of all backgrounds have greater educational opportunities and real-world experiences. These scholarships aren’t just designed to ease students’ financial pressures, they are also part of a larger effort to help remove systemic roadblocks and increase opportunities for racially and ethnically diverse students within the fashion industry.”

Jeremy Till, Head of Central Saint Martins and Pro-Vice Chancellor of University of the Arts London, said: “We are incredibly grateful to the Capri Holdings Foundation for developing a scholarship  program that will support the next generation of fashion leaders from underrepresented communities. The support will open up opportunities for talented students from diverse backgrounds who might otherwise not be able to engage fully with an education in fashion.”