Let every upstart design student be on notice: the applications for the 10th edition of the LVMH Prize are open! Applications must be submitted on the Prize website, lvmhprize.com, by Sunday, January 29th, 2023. The semi-final will take place on Thursday, March 2nd and Friday, March 3rd, 2023.
LVMH’s Delphine Arnault declares, “Ten years after its creation, the LVMH Prize has become a benchmark, a key player in nurturing young designers. It has evolved over the years: the Prize reflects the developments and trends that drive fashion and, more broadly speaking, society. Many influential young designers have taken part in it over the last ten years, which shows the role the Prize plays in talent spotting.”
The LVMH Prize is open to designers under 40 from all over the world, who have created at least two womenswear, menswear, or genderless collections. The winner receives a 300,000-euro endowment and enjoys a tailored mentorship by LVMH teams in many fields, such as sustainable development, communication, copyright and corporate legal aspects, as well as marketing, production and the financial management of a brand. The winner of the Karl Lagerfeld Prize receives a 150,000-euro allocation and also enjoys a one-year mentorship by LVMH teams.
The LVMH Prize for Young Fashion Designers aims to raise awareness among the winners of environmental issues in the design and production processes. They each enjoy a specific mentoring program as well as an allowance (20,000 and 10,000 euro) on the Nona Source platform, which aims to revalue deadstock materials from the Group’s Fashion and Leather Goods Houses.
Previous winners of the prize have included S.S. Daley in 2022, Grace Wales Bonner in 2016, Jacquemus in 2015, and Hood by Air in 2014.
Over the 25 years since the foundation of LVMH, the Houses in the Group have all been inspired by a passion for creativity and innovation while nourishing an exceptional heritage rooted in time-honored know-how. As Bernard Arnault explains: “Innovation is more powerful when it springs from a preserved heritage.”
Motivated by its passion for creativity, LVMH has, for many years, supported the world of fashion globally through corporate philanthropic initiatives, including:
- the ANDAM Fashion Awards (Association Nationale de Développement des Arts de la Mode)
- the Hyères International Fashion and Photography Festival
- Central Saint Martins College of Art and Design in London
- The investment fund for young designers created by the French Ministry of Culture and Communication.
This same passion has led the LVMH Group to launch the LVMH Prize for Young Fashion Designers. This initiative helps drive the momentum and emergence of fresh talent that is essential to the vitality and diversity of the fashion ecosystem, a role that is perfectly in phase with the responsibilities of the world leader in luxury. “
Photo, above, by Anna Shvets