Since its founding in 2014, the LVMH Prize has awarded over €1 million to young designers around the world. Now, the company is offering additional grants to previous winners of the Grand Prize and the Karl Lagerfeld Innovation Prize. Called the Fund in Aid of Young Fashion Designers, the initiative will be accepting applications through July 31.
“In these challenging times, the mission of the LVMH Prize in support of young talent is more critical than ever,” says Delphine Arnault, the founder of the LVMH Prize and executive vice president of Louis Vuitton. “The Fund in Aid of Young Fashion Designers allows the winners to temporarily benefit from essential help in order to sustain their creativity and their brands.”
Since this is a closed grant available only to existing winners of previous LVMH Prizes, possible applicants are limited to Thomas Tait, Miuniku, Hood by Air, Marques’Almeida, Simon Porte Jacquemus, Grace Wales Bonner, Vejas Kruszewski, Marine Serre, Kozaburo Akasaka, Masayuki Ino of Doublet, Rok Hwang, Thebe Magugu, and Hed Mayner. This year’s LVMH Prize finalists—a group of eight international designers—split the 2020 prize grant, with each receiving €37,500.