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LVMH — Louis Vuitton Moet Hennessy — has announced the creative menswear and womenswear designers in the running for this year’s Young Fashion Design Award. Open to designers who have created at least two women’s or men’s ready-to-wear collections, the award has shortlisted this year’s 12 finalists which include Shayne Oliver and his label Hood By Air. Other finalists include Simon Rocha, Suno, Thomas Tair, Tillmann Lauterbach, Tim Coppens and Vika Gazinskaya. The dozen international designers will each have 15 minutes to present their 2014 fall collection at the LVMH headquarters in May to a panel of high-profile judges including Karl Lagerfeld, Raf Simons, Marc Jacobs, Riccardo Tisci and Nicolas Ghesquiere. Stay tuned for the results of the LVMH “Prize for Young Fashion Designers” Award.