Applications Open for the 12th Edition of the LVMH Prize, Ushering in a New Era of Fashion Innovation
November 14, 2024
LVMH has announced the launch of the 12th edition of its prestigious LVMH Prize for Young Fashion Designers, marking an exciting new chapter in its ongoing commitment to discovering and nurturing the next generation of fashion talent.
Global Talent and Inclusivity
The 2025 edition of the LVMH Prize remains steadfast in its commitment to inclusivity and global reach. Designers aged 18 to 40, who have produced at least two collections in womenswear, menswear, or genderless ready-to-wear, are invited to apply. This broad approach has previously spotlighted game-changing designers such as Thebe Magugu, Marine Serre, and Grace Wales Bonner, who have each gone on to significantly shape the contemporary fashion landscape.
Prize Structure and Mentorship
The competition offers three major awards, each tailored to support young talent in different ways. The LVMH Prize for Young Fashion Designers comes with a €400,000 endowment, while the Karl Lagerfeld Prize and the Savoir-Faire Prize each offer €200,000. In addition to the substantial financial prizes, winners are granted a year of mentorship from LVMH’s expert teams, covering essential areas like sustainability, production techniques, and marketing strategies. This guidance helps designers navigate the complexities of growing a fashion brand in today’s competitive market.
Key Dates and Digital Access
Applications are now open and will close on January 12, 2025. The competition will then move to the semi-finals, which will take place on March 5-6, 2025. Reflecting the industry’s increasing embrace of digital platforms, the semi-finals will be livestreamed, allowing the public and fashion experts alike to watch the process unfold in real-time via the LVMH Prize website and social media channels. This shift towards accessibility further democratizes the selection of fashion’s future stars.
Continued Support for Fashion School Graduates
LVMH continues its tradition of supporting fashion school graduates by offering three winners the chance to join the creative teams at LVMH’s prestigious fashion houses. These designers will receive a €10,000 grant and further support to help them establish themselves in Paris, the heart of the global fashion industry.
A Vision for the Future of Fashion
As Bernard Arnault, Chairman and CEO of LVMH, once said, “Innovation is more powerful when it springs from a preserved heritage.” This philosophy encapsulates the ethos of the LVMH Prize: bridging the gap between timeless craftsmanship and cutting-edge creativity. The Prize not only celebrates fashion’s legacy but also champions the future of the industry by empowering the next wave of visionary designers.
Looking Ahead
In the 2024 edition, Hodakova claimed the main prize, while Duran Lantink and Standing Ground won the Karl Lagerfeld Prize and Savoir-Faire Prize, respectively. These winners join a distinguished list of past laureates who have reshaped the global fashion conversation. As applications open for the 2025 edition, the fashion world eagerly awaits the discovery of the next trailblazers.
Apply Today
Apply now at lvmhprize.com and become part of fashion’s next generation of trailblazers. As LVMH celebrates 25 years of promoting emerging talent, the 12th edition of the Prize stands as a testament to the group’s unwavering commitment to nurturing innovation, creativity, and excellence in the fashion industry.