Marking its 10th anniversary with the 2023 edition, the LVMH Prize for Young Fashion Designers has selected 22 semifinalists from a record number of applicants – more than 2,400.
Nensi DojakaThe main victor receives a 300,000-euro endowment and mentorship by LVMH teams in such areas as sustainability, communications, marketing, legal, production and finance. The winner of the Karl Lagerfeld Prize receives a 150,000-euro allocation plus one year of mentorship from LVMH experts.
“In our profession, nothing replaces being able to meet the candidates in person and to be as close as possible to see, touch and understand their creations,” Arnault remarked. “These meetings and exchanges with the semifinalists and the experts are always moments of great enrichment. We are very happy to gather for this latest edition of the prize to celebrate creativity.”
“For 10 years, the prize has mirrored developments in society, and therefore in our industry. We have seen the emergence of craftsmanship, streetwear, upcycling… and also genderless, a trend that is confirmed,” Arnault told WWD. “It’s true that in the first years, most of the candidates presented womenswear collections. This has changed a lot: Candidate submissions are now split between proposals for womenswear, menwear and genderless collections.
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