Taking cue from a new format, which was unveiled earlier this year, the sponsorship will be awarded yearly to menswear and womenswear designers.
The BFC aims to raise $12.5 million over the next 10 years through the annual event.
The 21-year-old model was recognized for her contributions to fashion both on and off the runway.
The British Fashion Council is honoring designers, models and more at its awards in London.
It is also rebranding as London Fashion Week Festival with a more consumer-facing spin.
Webster has translated her flair for bright colors and prints to a canvas tote bag with a peacock motif.
Uncertainty is never a friend to business. Here’s what analysts and experts in the industry have to say about what’s ahead.