LVMH, the renowned luxury fashion conglomerate, has recently unveiled an exciting new initiative aimed at championing and nurturing emerging designers – the prestigious Karl Lagerfeld Prize. Named in honor of the legendary designer who kickstarted his own career with a similar award in 1955, this new accolade will be a special category within the esteemed LVMH Prize for Young Designers.
The inaugural recipient of the Karl Lagerfeld Prize will be unveiled at the upcoming ceremony at the iconic Louis Vuitton Foundation on September 4. Since its inception in 2014, the LVMH Prize has emerged as a highly coveted international award, showcasing the brightest talents in the fashion industry.
The recipient of the Karl Lagerfeld Prize will not only be awarded a generous cash prize of €150,000 but will also benefit from a comprehensive year-long mentorship program guided by a team of experts from LVMH. This invaluable program will encompass various key aspects of the fashion industry, such as intellectual property, sourcing, production, distribution, image and communication, and marketing.
The LVMH Prize has a track record of propelling young designers to great heights in the fashion realm. Success stories from past winners like Thomas Tait, Marine Serre, Grace Wales Bonner, and Marta Marques and Paulo Almeida of Marques’Almeida demonstrate the transformative impact of the Prize. With over 1,700 applicants from more than 100 countries competing for the 2019 award, it is clear that the LVMH Prize has become a global beacon for emerging talent.
The current finalists for the LVMH Prize are generating significant buzz within the industry, representing diverse design perspectives from countries like Japan, the UK, the US, Israel, and South Africa. The 2019 judging panel boasts luminaries such as Jonathan Anderson, Maria Grazia Chiuri, Marc Jacobs, and Clare Waight Keller, ensuring that the winning designer will receive validation from some of fashion’s most influential voices.
By establishing the Karl Lagerfeld Prize, LVMH not only pays homage to a fashion icon but also creates a vital platform for the next generation of talent to shine. This momentous occasion signifies a new chapter in the storied history of the LVMH Prize, showcasing the brand’s commitment to fostering creativity and innovation in the fashion industry.
For more information on the LVMH Prize and the Karl Lagerfeld Prize, visit the official LVMH website here and don’t forget to watch the upcoming ceremony on September 4 at the Louis Vuitton Foundation. Visit this site for more details.
