A dream for every aspiring fashion designer, LVMH, is a French multinational luxury goods conglomerate. The company, which is home to some of the world’s largest fashion brands such as Louis Vuitton, Emilo Pucci, Fendi, Givenchy and Marc Jacobs just to name a few has announced the creation of a major prize for young designers.
The LVMH Young Fashion Designer Prize, is a groundbreaking award in terms of concept, content and international scope. Each year, the prize will celebrate a young designer recognized for his or her exceptional talent. The company is taking a huge initiative by offering one designer under the age of 40, who has presented or sold two ready-to-wear collections, a grant of Rs.2.5 crore, as well as year-long mentoring from the luxury conglomerate to help develop their label. The members of the jury for the first edition of the prize in 2014 will be composed of eight creative directors from LVMH Fashion Houses including: 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). LVMH bigwigs Delphine Arnault, Jean-Paul Claverie (advisor to Bernard Arnault and head of corporate philanthropy for LVMH) and Pierre-Yves Roussel (Chairman and CEO of the LVMH Fashion Group), will join them.
The initiative will also celebrate three recent fashion school graduates, who will be given the chance to work in the design team at LVMH for a year. It is indeed a great opportunity for aspiring designers and new talent. For more details log on to www.lvmhprize.com.
[Via – Daily-Bhaskar]