LVMH has always been devoted to supporting the talent of tomorrow. In 2014, the Group reaffirmed this commitment with the creation of the LVMH Prize for Young Fashion Designers.
Its concept, content and international scope are unprecedented, and each edition of the LVMH Prize recognizes the talent of a particularly outstanding designer, selected by a jury of eight Artistic Directors from our Houses.
“The LVMH Prize aims to support young fashion designers. This sponsorship initiative reflects the values of our Group: our designers single out the talent of tomorrow, and they are rewarded and supported through the development of their House. Our ambition is to nurture the vitality and creativity of the fashion world at the international level. As a leader in our sector, it is our responsibility to discover young talents and help them to develop,” explains Delphine Arnault, Executive Vice-President of Louis Vuitton.
The winner of the LVMH prize will receive a 300,000 euro grant and personalized assistance in the development of his or her company from a specific team within the Group, over a period of twelve months, as from the presentation of the LVMH Prize. This assistance is available from all the areas of expertise which may interest a burgeoning fashion House (production and distribution, image and communication, marketing, intellectual property, and so on).
LVMH also rewards three young fashion design graduates, offering them the chance to spend a year with the creative team at one of the Group’s Houses.
For the first edition in 2014, the jury was made up of Nicolas Ghesquière (Louis Vuitton), Marc Jacobs (Marc Jacobs), Karl Lagerfeld (Fendi), Humberto Leon and Carol Lim (Kenzo), Phoebe Philo (Céline), Raf Simons (Dior), and Riccardo Tisci (Givenchy), as well as Delphine Arnault (Executive Vice-President of Louis Vuitton), Jean-Paul Claverie (advisor to Bernard Arnault and Director of LVMH sponsorship), Pierre-Yves Roussel (Chairman and Chief Executive Officer of the LVMH Fashion Group).
The first winner of the LVMH Prize for Young Fashion Designers was awarded to Thomas Tait. Two special prizes were awarded to the two designers from Miuniki and the Hood by Air label.