The fashion world is currently awaiting to discover the latest winner of the Young Fashion Designer prize by LVMH, a European multinational luxury goods conglomerate currently headquartered in Paris, France, and with a stock price of 137.40 Euros! The LVMH prize is a unique one, particularly known for its jury, with 8 of the designers from LVMH accepting this role to help pick the fashion designer of the year, who will win a financial award and a full year of coaching from LVMH professionals to help grow their company. This time around, Karlie Kloss also joins in with the LVHM team of experts that will pre-select the 10 finalists for the 2016 LVMH Prize for Young Fashion Designers, adding another strong to the bow of the known Vogue girl.
Founded in 1987 by Bernard Arnault, its subsidiaries include Louis Vuitton, Sephora, Christian Dior SE, Hennessy, Kenzo, Mercier, Dom Perginon, Chateau Cheval Blanc, Bulgari, Zenith, Guerlain, Fendi, Loewe, EDUN, NUDE, Marc Jacobs, and many more. The LVMH Prize itself was launched in the month of November in 2013, and was created to honor and support young fashion designers from around the world who aspire to greatness. Each year, there is one designer and three new graduates from fashion schools who take home the prize and begin to have their name known within the fashion world itself.
Karlie has been diversifying her CV of late, adding to what she does and how she gives back to the community, in turn having also started the Kode with Karlie scholarship that teaches young women how to code through enrolling at an independent study course at New York University. The finalists are expected to be chosen at the beginning of March, while the winner or winners (as last year there were two – Marques Almeida with the Grand Prize and Simon Jacquemus with runner up) will be proclaimed come June 2016. The top prize is 300,000 Euros, with last year’s anomaly second winner also taking home a check for 150,000 Euros.
“The third edition of the LVMH Prize for Young Fashion Designers confirms the group’s commitment to helping young designers,” executive vice president of the Louis Vuitton brand, Delphine Arnault told Vogue UK. “Much more than an award, it creates a context for an exchange of ideas and communication in which emerging talents can learn from established experts how to develop their brands and careers. It is our responsibility as leader of our industry to identify the talents of tomorrow and help them grow.”
Also among the jury this year will be Glenda Bailey, editor-in-chief of Harper’s Bazaar US; Miroslava Duma, founder of Buro24/7; Peter Philips, creative and image director of Christian Dior make-up; and the creative consultant Katherine Ross.
We wish everyone good luck and look forward to seeing who the jury will pick up as their favorite this year. We love this endeavor, for it means fresh blood enters the fashion world with relative ease, learning from the best in the industry and hopefully growing to rival it with beautiful designs of his or her own.
Photo courtesy of @KarlieKloss