2024 LVMH PRIZE FOR YOUNG FASHION DESIGNERS BEGINS, SAVOIR-FAIRE PRIZE IS LAUNCHED.

by John Russel Jones Nov 09, 2023



LVMH has launched its Prize for Young Fashion Designers competition for 2024. This competition is open to fashion designers from all over the world between the ages of 18 and 40 who have created at least two womenswear, menswear, or genderless ready-to-wear collections.

This year LVMH will also reward excellence in craftsmanship, technical innovation at the service of creativity, and sustainability by establishing the Savoir-Faire Prize. By celebrating exceptional craftsmanship, this new prize aims to promote the transmission of skills. This initiative will also be an opportunity to welcome new experts, who will be announced shortly. Their appointment will reflect this quest for artisanal excellence.

Delphine Arnault declares, “The Prize is launching its 11th edition, and this year I am delighted to honor our attachment to a core value of creation, savoir-faire. The LVMH Savoir-Faire Prize celebrates excellence in craftsmanship, innovation in design and production, and a more sustainable approach to fashion.”

The LVMH Prize now includes:

  • The winner of the LVMH Prize for Young Fashion Designers receives a 400,000-euro endowment and enjoys a tailored mentorship by LVMH teams who support the winners in many fields, such as sustainable development, communication, copyright, and corporate legal aspects, as well as marketing, manufacturing and the financial management of a brand.
  • The winner of the Karl Lagerfeld Prize receives a 200,000-euro endowment and enjoys a one-year mentorship by LVMH teams.
  • The winner of the Savoir-Faire Prize receives a 200,000-euro endowment and also enjoys a one-year mentorship by LVMH teams.

Timeline

Applications for the 11th edition of the LVMH Prize opened yesterday, Wednesday, November 8th,  2023, and must be submitted on the Prize website: lvmhprize.com by Sunday, January 7th, 2024.

The semi-final of the LVMH Prize will take place on Thursday, February 29 and Friday, March 1, 2024.

It will be accessible to all on the Prize website and social media from Thursday, February 29, 2024. It will be an opportunity for the Prize Experts and the general public to discover and select the finalists among the competing designers.

Furthermore, each year, in collaboration with fashion schools, the Prize distinguishes young fashion school students who graduate in 2024. Applications for the LVMH Prize for Young Fashion Graduates are open from Wednesday 8th November 2023 to Sunday 17th March 2024.

A behind-the-scenes documentary by Loïc Prigent about the tenth anniversary of the LVMH Prize is also now available on the LVMH Prize YouTube channel.

Image, at top from the 2023 awards: designer Satoshi Kuwata and actress/presenter, Gal Gadot.