13 November 2023

New LVMH prize to celebrate savoir-faire


Luxury group LVMH has added a new prize to its Young Fashion Designers competition, one focused on savoir-faire, writes Leatherbiz.

Its new Savoir-Faire Prize will be part of the 2024 competition, for which entries are now open. LVMH will present the new award next year, alongside the existing awards, the LVMH Prize and the Karl Lagerfeld Prize.

The group said it would select a winning brand from among the 2024 finalists as the inaugural winner of the Savoir-Faire Prize “to reward excellence in craftsmanship, technical innovation at the service of creativity, and a more sustainable approach to fashion”.

It will give the winner an endowment of €200,000, plus a year’s mentorship with LVMH design teams. There will be a similar award for the winner of the Karl Lagerfeld Prize, while the winner of the the LVMH Prize for Young Fashion Designers will receive €400,000 and “tailored mentorship” from LVMH teams in fields such as sustainable development, communication, corporate legal aspects, marketing, manufacturing and financial management.

Next year’s will be the eleventh edition of the competition. Brands have until January 7 to apply.

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.


We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.


Follow Us On:

Contact us