This Year’s LVMH Prize Will Be Split Equally Between All Eight Finalists
In a marker of solidarity during the current Covid-19 crisis, the 7th edition of the LVMH Prize for Young Fashion Designers will be awarded to all eight of its finalists. The final, which was set to take place June 5th has been cancelled. Instead, the €300,000 award will be equally split into €40,000 for each finalist. This year’s edition features some of Britain’s brightest emerging talent: Priya Ahluwalia, Nicholas Daley and Supriya Lele, as well as international designers such as Emma Chopova and Laura Lowena of Chopova Lowena, Tomo Koizumi and Charaf Tajer of Casablanca.
The conglomerate has also used the €150,000 set aside for the 2020 Karl Lagerfeld Prize allocation to create a fund that previous winners and runner-ups can request support from, meaning everyone from Grace Wales Bonner and Marine Serre, to Thebe Magugu and Doublet, can apply for financial assistance. “Since its launch, the LVMH Prize has promoted and nurtured young talent. Each year, it places the spotlight on young designers from all over the world and supports the development of their companies,” said Delphine Arnault, founder of the prize and executive vice president at Louis Vuitton. “In this challenging context, this fund in aid of young fashion designers highlights the main mission of the LVMH Prize by supporting our former winners.”
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