The LVMH Prize is Here: Here’s How to Apply

The LVMH Prize is back and is now accepting applicants just in time for its 10 year anniversary. The prize is an annual competition for fashion designers between 18 and 40 that have two womenswear, menswear or genderless collections that are commercialized. There are 2 winners announced. One winner can receive a 300,000 euro endowment and a mentorship that is run by various LVMH teams. The teams can come from multiple arenas such as sustainability, communication or marketing. Additionally, another winner can receive the Karl Lagerfeld prize, which is a 150,000 euro allocation with a one year mentorship from various LVMH teams. 

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The two winners will get mentoring in sustainability and one will receive 20,000 euros and the other will get 10,000 euros on the Nona Source Platform, a platform that is under LVMH that collects the deadstock materials from their leather goods. The prize will also highlight three fashion school graduates that will receive 10,000 euros and join the studios of three houses under the LVMH group for a one year mentorship program.

Courtesy of LVMH Prize

The LVMH committee, which includes many fashion powerhouses such as Stella McCartney and Kenzo’s Nigo, choose the final winners. In addition to the LVMH prize selection committee, the public can vote and pick their favorite designers. Delphine Arnault, the executive vice president and talent scout of Louis Vuitton said about the prize, “Ten years after its creation, the LVMH Prize has become a benchmark, a key player in nurturing young designers. Many influential young designers have taken part in it over the last 10 years, which shows the role the prize plays in talent spotting.”

Courtesy of Haute Living

The semi finalists will start to be chosen and announced after the deadline and the list of semi finalists will be released to the public on the LVMH prize website and socials from March 2nd. These semi finalists must put their work up in a showroom during Paris Fashion Week on March 2nd and 3rd. This competition is a great opportunity for aspiring designers and garment makers. Winners of this prize include Marine Serre and Simon Porte Jacquemus. Regular applicants have until January 29th of next year and fashion school graduates have until March 29th of next year to submit their applications and collections on the LVMH prize website.