LVMH opens applications for the fifth edition of its LVMH Prize. This iteration continues the fashion conglomerate’s effort to spotlight and cultivate upcoming talent, as it searches for “all designers under 40 who have produced at least two womenswear, menswear or unisex collections.”
One winner will be given a cash prize of $300,000 EUR (approximately $353,300 USD) and a one-year LMVH brand developing mentorship. While three fashion graduates will get a $10,000 EUR (approximately $11,780 USD) grant and the opportunity to “join the creative team at one of the Houses of the group for one year.”
Last year, the 21 semifinalists were brought out to Paris for Fashion Week where Rihanna presented the prizes, with Marine Serre of MARINE SERRE taking the grand prize. However, for those who don’t win, still being recognized has tremendously impacted pass applicants like Shayne Oliver of Helmut Lang/HBA and Yoon Ahn of AMBUSH.
For more information on the prize, head over to LMVH’s website.