Louis Vuitton 2015 Annual Report Download - page 35

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33 / 50
LVMH 2015
—
Focus
LVMH IS ORGANIZING THE THIRD LVMH PRIZE
FOR YOUNG FASHION DESIGNERS
LVMH has always been dedicated to encouraging the talents
of tomorrow. Since 2014, the Group has rea rmed its com-
mitment by inaugurating the LVMH Prize for Young Fashion
Designers.
Each LVMH Prize – a groundbreaking award in terms of its
concept, its content and its international reach – recognizes
an exceptionally talented designer selected by a jury including,
among others, creative directors from our Maisons.
“The LVMH Prize is designed to support and encourage
young fashion designers. This initiative celebrates the values
of our Group. Our designers will select promising talents of
tomorrow who will receive prizes and support to develop
their label. Our goal is to nourish the vitality and creativity
of the fashion ecosystem on an international scale. As the
leader in our industry, we play a natural role in discovering
young talents and helping nurture their growth,” said Delphine
Arnault, Executive Vice President of Louis Vuitton, initiator
of the LVMH Prize and member of the jury.
The winner of the LVMH Prize receives a €300,000 grant and,
for twelve months following the o cial award, personalized
support from a special LVMH team to help develop his or
her company. This support spans all the areas of expertise
that are essential to a budding fashion house, such as pro-
duction and distribution, brand image and communication,
marketing and intellectual property.
The LVMH Prize will also recognize three young graduates
of fashion schools, o ering them an opportunity to work as
part of the design team at one of the Group’s Maisons for
one year.
This year, the jury will meet on June 16th at the Fondation
Louis Vuitton to select a winner from among eight talented
designers from Belgium, Canada, Finland, France, Japan, the
United Kingdom and the United States.