Earlier this fall, Johannesburg’s Thebe Magugu won the 2019 LVMH Prize, an award that is handed out every year to young fashion designers from around the world. Now the applications for the 2020 LVMH Prize have been officially opened.
Marking the seventh edition of the LVMH Prize For Young Fashion Designers, the competition is open to all designers under 40 who have produced at least two womenswear, menswear, or unisex collections. The winner will then be selected by a panel of industry experts (who have yet to be revealed), and will win €300,000 EUR (approximately $332,200 USD) and a 12-month mentorship provided by LVMH to help them with distribution, marketing, image and communication, and more. Additionally the 2020 LVMH Prize will honor three young fashion school graduates who completed their studies in 2019/2020 by allocating them and their school a €10,000 EUR (approximately $11,000 USD) grant as well as an opportunity to join the creative team at one of the LVMH fashion houses for one year.
The 2020 LVMH Prize will also include the second annual Karl Lagerfeld Prize, which rewards a young designer with €150,000 EUR (approximately $166,000 USD) and grants them access to a one-year mentorship program. Applications can be submitted now via lvmhprize.com until Sunday, February 2, 2020. Semi-finalist will be announced on February 27 and 28.
Past winners of the coveted title include Marine Serre, Grace Wales Bonner, Jacquemus, and Hood By Air.
In related news, these are the top 10 fashion brands of 2019.