LVMH has launched the fourth edition of the LVMH Prize for Young Fashion Designers. The jury for the 2017 edition welcomes a new member with the arrival of Maria Grazia Chiuri, who was named Artistic Director of Dior in July 2016. The panel is composed of 12 people, including nine artistic directors from the LVMH Group. The committee of experts selects the eight LVMH Prize finalists. It is composed of 40 fashion professionals, photographers, buyers, journalists, stylists and models such as Carine Roitfeld, Suzy Menkes, Linda Fargo, Karlie Kloss, Angelica Cheung and Sarah Mower.

Endowed with a 300,000-euro grant, the LVMH Prize offers the winning designer a year long mentorship with personalised coaching in business development by a dedicated, in-house team. The mentorship is effective for 12 consecutive months from the date of the awards ceremony and includes support in all the areas of expertise that can benefit a young fashion brand (intellectual property, sourcing, production and distribution, image and communication, marketing, etc.). In addition, the LVMH Prize recognises three young fashion school graduates, who receive the opportunity to join the creative team at one of the Group's Maisons for a period of one year and a grant of 10,000 euros each.

The LVMH Prize for Young Fashion Designers is open to designers aged 40 and under who have produced and sold at least two women's or men's ready-to-wear collections. Applications are accepted starting today and may be submitted only through the LVMH Prize website, lvmhprize.com, through 5 February, 2017. The jury will announce the winner at the Fondation Louis Vuitton in June 2017.

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