LVMH Moët Hennessy Louis Vuitton is launching an international contest for young designers with some of the industry’s biggest creative names — including Karl Lagerfeld, Marc Jacobs, Nicolas Ghesquière, Raf Simons, Phoebe Philo and Riccardo Tisci — choosing the winner. Brainchild of Bernard Arnault’sdaughter, Delphine Arnault, LVMH Young Fashion Designer Prize comes
with a grant of 300,000 euros, or $405,000 or Rs.2.55 Crores at current exchange, plus a year of mentoring at LVMH.
The competition is unique in its global scope, online-only registration and nominations — and a gradual elimination process that will award entrants with invaluable exposure. LVMH would fly 30 semifinalists to the Paris Fashion Week next March to exhibit their creations at LVMH’s Avenue Montaigne headquarters. An “expert committee” of buyers, editors and stylists is to tour the temporary showroom, meet the designers and vote to trim down that group to the 10 finalists who are to make 20-minute presentations to the jury.
The competition is open to any designer between the ages of 18 and 40 who has presented and sold at least two collections of women’s or men’s ready-to-wear.Online Applications are on at lvmhprize.com, and close Feb. 2, 2014.
So all you talented young designers, just go for it!