LVMH launches first Young Fashion Designer Prize
By FashionUnited
loading...
The
LVMH Young Fashion Designer award open to all international designers
The LVMH Young Fashion Designer Prize is open to all fashion designers under the age of 40, who have already shown and sold at least two men's or women's ready to wear lines. Any young budding designers who wish to apply can do so via the exclusive award site, www.lvmhprize.com, which was specifically designed to enable the award to be open to all international applications and uses social media outlets such as Instagram to help designers gather support and allow other fashion lovers to show which designers they think deserve the spotlight.Designers have until the 2nd of February 2014 to apply and afterwards Delphine Arnault revealed to WWD that LVMH would send 30 semifinalists to Paris during Fashion Week next year March to show their collections. A specialist committee, consisting of stylists, buyers and editors will meet with the designers and help selected the 10 finalists, who will then be allowed to show a 20 minute presentation of their collection to the jury.
The winning designer will be awarded a grant of 300,000 euros, as well as the aid of an internal team at LVMH to help develop their fashion company over the next coming twelve months. The team will support the designer in all areas that are 'critical to successfully building a nascent fashion brand.'
Along with the main prize, LVMH also decided launch another award to honor three young graduates who have completed a university program in fashion design. These three winners will be awarded 10,000 Euros each and the opportunity to join a design team at LVMH fashion brand for one year. Applications looking to apply for this side award can also do so via the LVMH prize website.
She also added that all participants, not just the winner, will gain something by entering the competition. “Even if they're not selected, it's going to help them grow,” she told WWD. The finalists who get the chance to meet the jury panel will have the opportunity to have “an experience that's quite unique and they won't forget.”
LVMH will continue to give its support to other fashion competitions the Group aids, such as the ANDAM Fashion Awards and the Hyres International Fashion and Photography Festival, which also take place in France. Since the founding of LVMH, over 25 years ago, the group has always looked to 'support creativity in every form.' With the addition of the Young Fashion Designer Prize, the Group hopes to encourage the 'momentum an emergence of fresh talent that are essential to the vitality and diversity of the fashion ecosystem.'
Photos: Delphine Arnault, Louis Vuitton Store, owned by LVMH, LVMH Prize
Delphine Arnault
LVMH
LVMH Prize
Young Fashion Designer Prize