Each year, the LVMH Prize will recognize a young designer and three graduates of fashion schools.
The Young Fashion Designers competition is open to designers from every country who have produced at least two collections and who are under 40. To help them develop their creative work, LVMH will give winners:
- A grant of 300,000 euros
- Personalized technical and financial support from the Group for a 12-month period following the LVMH Prize award. This support covers all the areas of expertise that are critical to a young fashion brand (intellectual property, sourcing, production and distribution, image and advertising, marketing, etc.).