Lvmh announced the opening of applications for the 2024 edition of its prestigious prize for young talents. This year, Lvmh established the Savoir-Faire Prize, in addition to the Lvmh Prize and the Karl Lagerfeld Prize.

Lvmh launched its Prize for Young Fashion Designers in 2013. This competition is open to fashion designers from all over the world aged between 18 and 40 who have created at least two womenswear, menswear, or genderless ready-to-wear collections.

“The Prize is launching its 11th edition and this year I am delighted to honor our attachment to a core value of creation, savoir-faire. The Lvmh Savoir-Faire Prize celebrates excellence in craftsmanship, innovation in design and production, and a more sustainable approach to fashion,” said Delphine Arnault.

For the first time, Lvmh wishes to reward excellence in craftsmanship, technical innovation at the service of creativity, and sustainability through the Savoir-Faire Prize. By celebrating exceptional craftsmanship, this new prize within the Lvmh Prize aims to promote the transmission of skills.

The Lvmh Prize now includes three awards. The winner of the Lvmh Prize for Young Fashion Designers receives a 400,000-euro endowment and enjoys a tailored mentorship by Lvmh teams who support the winners in many fields, such as sustainable development, communication, copyright, and corporate legal aspects, as well as marketing, manufacturing and the financial management of a brand. The winner of the Karl Lagerfeld Prize receives a 200,000-euro endowment and also enjoys a one-year mentorship by Lvmh teams. The winner of the Savoir-Faire Prize receives a 200,000-euro endowment and also enjoys a one-year mentorship by Lvmh teams.

The previous winners include S.S. Daley, Nensi Dojaka, Thebe Magugu, and Grace Wales Bonner.

Applications must be submitted on the Prize website: lvmhprize.com. They will close on Sunday 7 January 2024. The semi-final of the Lvmh Prize will take place in Paris, on Thursday 29 February and Friday 1 March 2024, during Paris Women's Fashion Week.

Furthermore, each year, in collaboration with fashion schools, the Prize distinguishes young fashion school students who graduate in 2024. Applications for the Lvmh Prize for Young Fashion Graduates are open until Sunday 17 March 2024.

In addition, a behind-the-scenes documentary by Loïc Prigent about the tenth anniversary of the Lvmh Prize will be available on the Lvmh Prize YouTube channel from 8 November 2023. See the video here.

Photo: S.S. Daley, the winner of the 2022 Lvmh Prize for Young Fashion Designers