Considered one of the most prestigious awards in the fashion world, the LVMH Prize continues to support young designers from all over the world. Among the eight finalists of the ninth edition of the LVMH Prize for Young Fashion Designers, the jury awarded the LVMH Prize to Steven Stokey Daley, 25, a British designer based in London, founder of the womenswear and menswear brand S.S Daley.
He will receive a 300,000-euro endowment and will be mentored for one year by a team of LVMH experts.
This year, the jury has decided to award the Karl Lagerfeld Prize to the designer Eli Russell Linnetz for his brand ERL who draws from the culture of Venice Beach and his native California, to create joyful, cool and sensual clothes, and to Idris Balogun for Winnie New York, who revamps the codes of a colourful elegance, inspired by the staples of menswear.
Just like the LVMH Group, which has implemented a global environmental strategy, the LVMH Prize for Young Fashion Designers wishes to support the winners to help them integrate environmental issues into their design and production processes. They will each enjoy a specific mentoring programme as well as an endowance of 20,000 and 10,000 euro allowance respectively on the Nona Source platform, which aims to revalue deadstock materials from the Group’s Fashion and Leather Goods brands.
The tenth edition of the LVMH Prize for Young Fashion Designers will be held in 2023.