Instead, LVMH will allocate the grant equally amongst the top eight finalists. The €300,000 will be split between Priya Ahluwalia, Charaf Tajer, Emma Chopova / Laura Lowena, Nicholas Daley, Peter Do, Sindiso Khumalo, Suupriya Lele and Tomo Koizumi.
LVMH has also announced that the winners of the six previous editions can claim an exceptional emergency fund. The said fund is supported by the €150,000 of Karl Lagerfeld Prize.
Delphine Arnault stated in the Instagram post: “Since its launch, the LVMH Prize has promoted and nurtured young talent. Each year, it places the spotlight on young designers from all over the world and supports the development of their companies. In this challenging context, this Fund in aid of young fashion designers highlights the main mission of the LVMH Prize by supporting our former winners.”