It rewards a particularly remarkable designer for his or her talent. The winner receives a grant of 300,000 euros, as well as a personalized mentorship from a dedicated LVMH team in developing their company for a period of twelve months. This support includes all crucial areas of expertise that are critical to successfully building a nascent fashion brand (including advisement on intellectual property, sourcing, production and distribution, image and advertising, marketing).
In addition, the LVMH Prize also recognizes three recent fashion school graduates, offering them an opportunity to join the design team at an LVMH brand for one year and awarding them a 10 000 euro grant.
Its jury is composed of nine creative directors of the LVMH fashion houses : Nicolas Ghesquière (Louis Vuitton), Marc Jacobs (Marc Jacobs), Karl Lagerfeld (Fendi), Humberto Leon and Carol Lim (Kenzo), Phoebe Philo (Céline), Raf Simons (Dior), Riccardo Tisci (Givenchy) who will be joined by J.W. Anderson (Loewe). Delphine Arnault, Jean-Paul Claverie (advisor to Bernard Arnault and head of corporate philanthropy for LVMH) and Pierre-Yves Roussel (Chairman and CEO of the LVMH Fashion Group) will also be part of it.
As told by Delphine Arnault: “With this second edition of the LVMH Prize for Young Designers, the Group confirms its ongoing dedication to young talent. It is our responsibility as leader of our industry to identify tomorrow’s talents and help them grow.”
The LVMH Prize for Young Fashion Designers is open to designers under 40 years of age who have presented and sold at least two women’s or men’s ready-to-wear collections. Applications are accepted beginning today and until February 8th 2015 exclusively through the official LVMH Prize for Young Fashion Designers website, www.lvmhprize.com.
A committee of international experts from the world of fashion, composed of journalists, stylists, buyers, photographers and various leading figures participates in the selection of ten finalists during Paris fashion week, in March 2015.
The winner is elected by the jury in the beginning of June 2015.
LVMH Prize for Young Fashion Designers calendar:
Prize launch: January 6th
Online applications for Young Fashion Designers: January 6th – February 8th 2015
Online applications for Young Graduates: January 6th – May 3rd 2015
Selection of the ten finalists: beginning of March 2015
Winner selected by the jury: Beginning of June 2015