Over the 25 years since the foundation of LVMH, the Houses in the Group have all been inspired by a passion for creativity and innovation while nourishing an exceptional heritage rooted in time-honored know-how. As Bernard Arnault explains: “Innovation is more powerful when it springs from a preserved heritage.”
In métiers as diverse as fashion, jewelry, perfumes, leather goods, winemaking or watches, LVMH brands and designers stand apart in their quest for excellence, and their unique passion for innovation, invention and creativity.
Because both its roots and future are intimately linked to creativity, LVMH and its brands have always actively nourished creative talent. Creativity is one of the Group’s core values, guiding all its teams, from designers to noses to cellar masters. This engagement inspires all LVMH houses to actively support creativity in every form. For that reason, the Louis Vuitton Foundation for contemporary art opened to the public in October 2014 in a sumptuous building created by Frank Gehry, adding to LVMH’s lasting sponsorship of the arts.
Motivated by this “passion for creativity”, LVMH has for many years supported the world of fashion globally through corporate philanthropic initiatives, including:
• the ANDAM Fashion Awards (Association Nationale de Développement des Arts de la Mode)
• the Hyères International Fashion and Photography Festival
• Central Saint Martins College of Art and Design in London
• the investment fund for young designers created by the French Ministry of Culture and Communication.
This same passion has led the LVMH Group to launch the LVMH Prize for Young Fashion Designers. This initiative helps drive the momentum and emergence of fresh talent that is essential to the vitality and diversity of the fashion ecosystem, a role that is perfectly in phase with the responsibilities of the world leader in luxury.
For its eleventh edition, the LVMH Prize for Young Fashion Designers has enjoyed unprecedented success, confirming its international reach: over 2,500 candidates from all over the world applied for the 2024 edition, a record number of entries.
When the applications closed, 20 young brands were selected for the semi-final. The semi-finalists come from 18 countries, including, for the first time, Mexico, Moldova and Togo, illustrating a great diversity of cultures and talents.
The 20 semi-finalists will present their collections at the semi-final, that will take place in Paris on 29th February and 1st March 2024. Once again this year, the LVMH Prize will be held digitally on the dedicated website lvmhprize.com and will involve the general public. From 29th February to 5th March, the public will be able to discover the designers and vote for their eight favourite candidates, just like the Experts.
As every year, on the occasion of the semi-final, the LVMH Prize Committee of Experts, made up of over 85 international fashion specialists, will choose the eight finalists.
Delphine Arnault declares: “Once more this year, I’m delighted to welcome so many talented young designers, and I’d like to express my warmest gratitude to all the designers from all over the world who took part. This year’s edition is remarkable for the unique distinctive designs and for the return of sophisticated womenswear collections. Many of these brands place research and high aesthetic standards at the heart of their approach, values that are also championed by the new Savoir-Faire Prize. This prize underlines the importance of craftsmanship, innovation and sustainability, three topics at the heart of the fashion and luxury industry commitments today. I am very grateful to all the Experts who contribute each year to making the LVMH Prize a benchmark for young designers. All this promises an exceptional 2024 edition.”
The LVMH Prize includes three awards:
• The LVMH Prize for Young Fashion Designers, which focuses on creativity, comes with a 400,000-euro endowment. The winner enjoys a one-year custom mentorship by a dedicated LVMH team.
• The Karl Lagerfeld Prize also distinguishes the creativity of a young brand and comes with a 200,000-euro endowment as well as a one-year mentorship programme.
• The newly created Savoir-Faire Prize focuses on exceptional craftsmanship, technical expertise and innovation, as well as sustainability in a young brand. Together with a 200,000-euro endowment, the winner will also enjoy a one-year specific mentoring programme dedicated to encouraging the transmission of skills in these areas
Finally, the Prize distinguishes three young fashion school graduates. Each winner, as well as their school, will receive 10,000 euros and join the design studio of one of the group’s houses for one year. Applications are open on the lvmhprize.com until 17th March 2024.
LIST OF THE BRANDS SELECTED FOR THE SEMI-FINAL OF THE LVMH PRIZE
AGBOBLY by Jacques Agbobly, Togo, womenswear and menswear
AUBERO by Julian Louie, United States, menswear
CAMPILLO by Patricio Campillo, Mexico, menswear
CHIAHUNG SU by Chia Hung Su, Taiwan, genderless collections
DURAN LANTINK by Duran Lantink, the Netherlands, womenswear, menswear and genderless collections
ELENA VELEZ by Elena Velez, United States, womenswear
FIDAN NOVRUZOVA by Fidan Novruzova, Moldova, womenswear
HODAKOVA by Ellen Hodakova Larsson, Sweden, womenswear
JIYONGKIM by Jiyong Kim, South Korea, menswear
KAROLINE VITTO by Karoline Vitto, Brazil, womenswear
KHOKI by Koki Abe, Japan, menswear
MARIE ADAM-LEENAERDT by Marie Adam-Leenaerdt, Belgium, womenswear
NICCOLÒ PASQUALETTI by Niccolò Pasqualetti, Italy, genderless collections
PAOLO CARZANA by Paolo Carzana, United Kingdom, womenswear and menswear
PAULINE DUJANCOURT by Pauline Dujancourt, France, womenswear
PONDER.ER by Derek Cheng and Alex Po, China, genderless collections
STANDING GROUND by Michael Stewart, Ireland, womenswear
VAUTRAIT by Yonathan Carmel, Israel, womenswear
WHO DECIDES WAR by Everard Best and Tela D’Amore Best, United States, womenswear and menswear
YA YI by Yayi Chen Zhou, Spain, womenswear