Launched in November 2013, the LVMH Prize is open to any designer under 40 who has produced at least two collections. This year sees a formidable selection of talent. Among the 21 designers in the running for the €300,000 prize are British names such as Charles Jeffrey, Martine Rose, Molly Goddard and Richard Malone, as well as barrier breaking brands such as Palomo Spain and German brand GmbH. With nominees from 14 countries in total, the prize ensures that international talent is thoroughly recognised.
Last year the prize was awarded to Grace Wales Bonner, and has previously been given to labels including Thomas Tait and Marques’Almeida. The prize money enables designers to take their brand to the next level, inviting them to scale production and their team and become commercially viable, without compromising on their aesthetic.
Winners of the LVMH prize also receive invaluable mentoring from the group, and this year the judges include Chanel’s Karl Lagerfeld, Céline’s Phoebe Philo and Dior’s Maria Grazia Chiuri. Finalists will be selected during Paris Fashion Week in March.