Now in its seventh edition, the LVMH Prize is proving to be the most prestigious prize in the industry with previous winners including Hed Mayner (2019 Karl Lagerfeld Prize), Doublet (2018 winner), Grace Wales Bonner (2016 winner), Vejas (2016 Special Prize), Jacquemus (2015 Special Prize), Thomas Tait (2014 winner) and Hood by Air (2014 Special Prize) becoming household names along with all the nominees having a major kick start to the careers with such an industry endorsement seal of approval.
Thebe Magugu, winner of LVMH Prize 2019
The LVMH Prize for Young Fashion Designers opened last Monday to designers under 40 from all over the world, who have produced at least two womenswear, menswear or unisex collections. The application deadline is Sunday, February 2nd, 2020 followed by the semi-final at the end of February during Paris Fashion Week. We are also waiting for the announcement who will be leading the esteemed jury this edition which is usually made up of the who is who of the industry.
The winner of the LVMH Prize for Young Fashion Designers will receive €300,000 and benefit from a one-year mentorship program tailored to his or her or their needs, provided by a dedicated LVMH team, covering various fields of expertise (intellectual property, sourcing, production and distribution, image and communication, marketing, sustainable development…).
The Karl Lagerfeld Prize rewards a young designer with €150,000 and gives him or her (or them) access to a one-year mentorship program.
Moreover, the Prize honors three young fashion school graduates who completed their studies in 2019/2020 by allocating them, as well as their school, a €10,000 grant. They will also join the creative team at one of the Houses of the LVMH group for one year.
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We can’t wait to see the emerging talent to be discovered, don’t forget to apply at www.lvmhprize.com
