LVMH Announces the 11th Edition of Its Prestigious Prize for Young Fashion Designers and Introduces the New Savoir-Faire Prize
The esteemed LVMH Prize for Young Fashion Designers is returning for its 11th edition, continuing its legacy of nurturing and recognizing global fashion talent. The competition, launched in 2013, is open to designers aged 18 to 40 from around the globe, who have created at least two collections in womenswear, menswear, or genderless fashion.
In a thrilling development, LVMH is introducing the Savoir-Faire Prize, a new accolade that celebrates excellence in craftsmanship, technical innovation, and sustainable fashion. This prize is dedicated to acknowledging a young brand among the finalists, reinforcing LVMH’s commitment to skillful artistry and forward-thinking design.
Delphine Arnault, a key figure in LVMH, expresses her enthusiasm: “As we embark on the 11th edition of the Prize, it’s a privilege to honor our enduring commitment to creativity and savoir-faire. The LVMH Savoir-Faire Prize is a testament to our dedication to exceptional craftsmanship, innovative design, and sustainable approaches in fashion.”
The LVMH Prize now encompasses three distinguished awards:
- The LVMH Prize: The winner receives a €400,000 endowment and benefits from a year-long mentorship by LVMH experts in various areas including sustainability, communication, and brand management.
- The Karl Lagerfeld Prize: Accompanied by a €200,000 endowment, the winner also enjoys a year of mentorship from LVMH’s experienced teams.
- The Savoir-Faire Prize: This new addition grants a €200,000 endowment and a similar mentorship opportunity.
Timeline of the 2024 LVMH Prize
- Applications open on November 8, 2023, through the official Prize website: lvmhprize.com, and close on January 7, 2024.
- The semi-final takes place on February 29 and March 1, 2024, with public online access to engage with the contestants.
- In addition, LVMH recognizes upcoming talents from fashion schools, with applications for the Young Fashion Graduates segment open from November 8, 2023, to March 17, 2024.
As LVMH celebrates its 25th anniversary, its commitment to promoting young fashion designers remains unwavering. Bernard Arnault reflects, “Innovation thrives when rooted in a preserved heritage.” This philosophy is embodied in LVMH’s diverse métiers and its active support of creative talent across the arts, including initiatives like the ANDAM Fashion Awards and the Hyères Festival.
The LVMH Prize, a cornerstone of this commitment, continues to energize the fashion landscape, embodying the luxury leader’s responsibility to foster the growth and diversity essential to the industry.
Apply Here: https://www.lvmhprize.com/
