Launched in November 2013, the LVMH Prize was created to honour and support young fashion designers around the world. Every year, a young designer and three graduates from fashion schools can claim the prestigious prize.
Young Fashion Designer Prize goes to an emerging designer who have produced at least two collections and who are under 40. LVMH gives the winners a grant of 300,000 euros and a personalized technical and financial support from the Group for a 12-month period following the LVMH Prize award.
The Graduates prize is open to students of fashion schools who are completing a degree course at a fashion school in 2017-2018. The three winners, and their school, receive a 10,000 euros grant and an opportunity to work as part of the design team at an LVMH brand for one year.