The prestigious LVMH Prize for Young Fashion Designers has announced that its Special Prize category will now be named after Karl Lagerfeld. In addition to the well-respected title, the award will reward one of the finalists with €150,000 EUR (approximately $166,198 USD) and a one-year mentorship program. The mentorship will be provided by a dedicated LVMH team in numerous areas of expertise.
In an official statement Delphine Arnault, a high-profile member of the LVMH executive committee, shares details on the award:
“Karl Lagerfeld, Creative Director of the House of Fendi since 1965, was involved in the Prize since its launch. He was fully committed to it since day one, transporting us with his enthusiasm and his energy, sharing with everyone, whether other jury members or candidates, his culture and his passion for fashion. We shall always cherish those precious moments. The Karl Lagerfeld Prize naturally perpetuates the closeness we developed over the years and is a tribute to the man’s unique creative genius, to his ability to turn Paris into the fashion capital of the world.”
Earlier this year, the LVMH Prize received 1,700 applicants from more than 100 countries. The first Karl Lagerfeld Prize will be presented during the sixth edition of the LVMH Prize on Septemeber 4, 2019 at the Fondation Louis Vuitton.
While you’re here, take a look at the list of 2019 LVMH Prize finalists.