Several moments in fashion really bring out the almost lost art of celebrating true fashion creativity. Well LVMH (Louis Vuitton Moet Hennessy) has created a competition for young and innovative designers called the "LVMH Prize". This prize competition started in November 2013 and the most recent he LVMH Prize has been created to reveal and support young fashion designers. Each year, the LVMH Prize will recognize a young designer and three graduates of fashion schools. The grand prize is a sizable grant for 300,000 Euros (about $400,000) to go toward supporting the designers dream and brand. It also includes personal and technical support from LVMH for one year. As if the money and support of one of the biggest world brands, the winner also gets help from them in the areas of intellectual property, sourcing, production and distribution, image and advertising, marketing, etc
An incredible fashion moment took place on the afternoon of May 28th, 2014, at the LVMH premises on Avenue Montaigne in Paris . Seven artistic directors of the group’s big luxury houses (including Nicolas Ghesquière, Karl Lagerfeld and Phoebe Philo) reunited alongside initiator of the project, Delphine Arnault, to declare Thomas Tait as the winner of the inaugural LVMH Prize. The jury also decide to award two special prizes (worth 100,000 Euros plus a year of mentorship for each) to labels Miuniku and Hood by Air, and praised three young fashion school graduates (Peter Do, Teruhiro Hasegawa and Flavien Juan Nunez) giving them access to the studios of three big fashion houses respectively (Céline, Givenchy and Christian Dior) for one year, as well as 10,000 Euros apiece.