The LVMH 2023 Prize is now open for entries, providing aspiring young talents in the fashion industry with an opportunity to showcase their creativity. Established by the French luxury group in 2013, this prestigious competition has propelled many designers to success and has seen past winners like Steven Stokey-Daley and Nensi Dojaka flourish in their careers. The deadline for applications is Sunday, January 29, 2023.
Next year, the LVMH 2023 Prize will celebrate its tenth anniversary, highlighting its pivotal role in the careers of emerging designers. Several past winners have gone on to showcase their collections on prestigious runways worldwide, from Paris to London. Renowned designers like Thebe Magugu, Marine Serre, Rokh, and Jacquemus have been recognized through this prize, proving its influence in the fashion industry. Notable winners also include Grace Wales Bonner and Marques’Almeida, who won the prize in 2016 and 2015 respectively.
In a recent press release, Delphine Arnault, the founder of the LVMH Prize, stressed the importance of the competition. She described it as a benchmark and a crucial supporter of young designers, stating that “the LVMH Prize has become a major and unmissable player in the fashion industry” since its creation ten years ago. Arnault also highlighted the prize’s evolution, adapting to the ever-changing currents and trends in both the fashion industry and society as a whole.
To enter the LVMH 2023 Prize, candidates must submit their applications online through lvmhprize.com. Eligible participants should be between the ages of 18 and 40 and have created at least two ready-to-wear collections for women, men, or unisex. Additionally, the prize also recognizes fashion school graduates from the year 2023, with applications for this category being accepted until Sunday, March 19, 2023.
The semi-final of the competition is set to take place during Paris Fashion Week on Thursday, March 2, and Friday, March 3, 2023. The winner of the LVMH Prize will not only receive a substantial cash prize of 300,000 euros, but also a year-long mentorship from the experienced teams at the luxury group. The Karl Lagerfeld Special Prize winner will be awarded 150,000 euros along with a year of mentoring.
In an effort to promote environmental sustainability in the fashion industry, the winners will also receive coaching and a financial grant of 20,000 euros and 10,000 euros respectively. This funding will enable them to acquire fabrics from Nona Source, an initiative by the LVMH group that repurposes unused stock materials from its houses.
With the launch of the LVMH 2023 Prize, young designers can make their mark in the fashion industry and benefit from the support of one of the most esteemed luxury conglomerates in the world. This competition has undoubtedly become a stepping stone for emerging talent, paving the way for innovative and boundary-pushing design.
Useful Links:
1. Official LVMH Prize Website
2. LVMH Women in Fashion Special Prize Recipients
