LVMH, the luxury fashion conglomerate behind brands like Louis Vuitton, Celine, and Fendi, has opened applications for their 10th edition LVMH prize. Applications opened on December 1, 2022, and will stay open until January 29, 2023, with the semi-finals taking place on the 2 and 3 of March 2023.

The prize, which hopeful recipients can apply for at lvmhprize.com, is open to designers under 40 from all over the world who have created at least two womenswear, menswear, or genderless collections.

People who apply have the chance of winning the LVMH Prize for Young Fashion Designers or the Karl Lagerfeld Prize. The LVMH Prize for Young Fashion Designers is the larger of the two and consists of a 300,000-euro endowment and a tailored mentorship by LVMH teams in many fields, such as sustainable development, communication, copyright, and corporate legal aspects, as well as marketing, production and the financial management of a brand.

The 10th edition of the LVMH Prize is open! Designers can now enter the competition applying online at https://t.co/llfMW5rRy2 from December 1 to January 29, 2023.

Learn more: https://t.co/BnS13U7nT5#LVMHPrize #LVMHPrize2023 #LVMH pic.twitter.com/FyyilRKXZX

— LVMH (@LVMH) December 1, 2022

The Karl Lagerfeld Prize is the smaller of the two prizes and consists of a 150,000-euro allocation and a one-year mentorship by LVMH teams. Either of them, regardless of size, has transformed young designers’ careers and pushed them further into the world of luxury fashion.

Previous winners of the prize include Jacquemus, Vejas, S.S. Daley, Rokh, Nensi Dojaka, and many more. Even those who don’t win and become finalists receive attention and press coverage that can boost careers just as much as the prize itself. Past finalists have included Ahluwalia, Casablanca, KNWLS, Chopova Lowena, Nicholas Daley, Peter Do, Sindiso Khumalo, Supriya Lele, and Tomo Koizumi.

In addition, The LVMH Prize for Young Fashion Designers aims to raise awareness among the winners of environmental issues in the design and production processes. They each enjoy a specific mentoring program as well as an allowance (20,000 and 10,000 euros) on the Nona Source platform, which aims to revalue deadstock materials from the Group’s Fashion and Leather Goods Houses.

Furthermore, each year, in collaboration with fashion schools, the Prize distinguishes young fashion school graduates. Applications for this Prize are open from 1st December 2022 to 19th March 2023.