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...transformed a design scene once considered frivolous - back when banking was choice - into one of the few sectors driving Iceland out of its economic quagmire. In September, the Ministry of Industry bestowed its first million-dollar grant to a fashion house, Andersen & Lauth. The company's creative director, Gunnar Hilmarsson, was also recently crowned chairman of the year-and-a-half-old Design Centre. Although it was created before the crash, Hilmarsson explains that the center - which is a government-sponsored platform for exhibitions and seminars - took on a new life once the money disappeared. "People are looking into...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

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