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.
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.