link.png Eight finalists selected for LVMH Prize← Back

Luxury conglomerate LVMH has revealed which fashion designers have been selected as the finalists of the prestigious LVMH Prize. A grand total of 2000 designers applied, keen to win the prize of 300,000 euros and the chance to gain the support of the LVMH Group for a year (in a range of areas including production and marketing). Of those 2000 applicants, 23 made it to the semi-finals before the jury whittled down the selection to the final eight designers. 

The annual prize, which was set up to support young designers across the world, is now in its third year. The winners of the previous two editions were Canadian designer Thomas Tait in 2014, followed by Portuguese duo Marta Marques and Paulo Almeida in 2015, whose respective labels’ are based in London.
This year sees another London-based designer amongst the finalists: Grace Wales Bonner is a menswear designer who presented her Autumn-Winter ‘16 collection as part of the MAN show during London Collections: Men. Wales Bonner faces stiff competition, since the young designer is competing against seven other labels. Aalto, a Finnish label, Koché and Y/Project all show in Paris; Vejas is a Canadian label, whilst Alyx and Brandon Maxwell are based in New York.
These designers are being judged by a jury of high-profile industry figures including Delphine Arnault, Executive Vice President of Louis Vuitton as well as Riccardo Tisci, Nicholas Ghesquière and Phoebe Philo, the creative directors of luxury fashion houses that belong to the LVMH portfolio. Even though the young labels have already started to garner a lot of attention, being selected as finalists of the LVMH Prize can only help them gain further recognition on an international level.
The winner of the 2016 Prize will be announced on the 16th June 2016 at the Louis Vuitton Foundation in Paris.