If you're unfamiliar with Tait, let's get you acquainted: At 24, he became the youngest graduate of Central Saint Martins' womenswear MA program. Following his London Fashion Week debut in 2010, he nabbed the Dorchester Collection Fashion Prize. Since then, he's become "known for his tailoring and dramatic, curving silhouettes," per Women's Wear Daily, which notes that Tait is swiftly adding clients to his wholesale roster. Aside from building his label, he also enjoys the film Strangers with Candy. Tait previously told WWD that as an up-and-coming designer, "[t]he reality is that you need to make your brand a commercial success, and you need working capital to meet your orders. That is the main struggle for me," perhaps offering a hint as to how he'll use his prize money. Either that, or funding a Candy reunion, but that must be awkwardly frowned upon.