31 posts tagged "LVMH"
LVMH’s acquisition of Loro Piana—the Italian house known for its super-luxe cashmere and wool wares—earned its final approvals today. And to seal the deal, LVMH appointed Antoine Arnault (son of LVMH CEO Bernard Arnault) as the brand’s chairman, reports WWD. This is just one example of the Arnault children’s increasing responsibility in their father’s company: Antoine is also the CEO of menswear house Berluti, and his sister, Delphine, stepped into the role of executive vice president of Louis Vuitton this summer. Delphine also helped spearhead LVMH’s new young designer prize, which, announced last month, will award the winning talent with 300,000 euros.
Imagine that you’re a young designer and you not only have the opportunity to win a 300,000 euro investment in your business but also to have your work judged by a panel that includes Karl Lagerfeld, Marc Jacobs, Nicolas Ghesquière, Raf Simons, Phoebe Philo, Riccardo Tisci, Humberto Leon, and Carol Lim. That extraordinary prospect is about to come true, thanks to LVMH.
The luxury group today announced the creation of a new annual LVMH Prize. Open to any designer under 40 who has produced two commercially available collections of women’s and/or men’s ready-to-wear, the prize comes with a 300,000 euro grant and a year of mentorship. (Three 10,000 euro prizes will be awarded to current or recent fashion-school students, along with a year’s employment at an LVMH brand.) Unlike many of the existing fashion prizes—from the ANDAM in France to the CFDA/Vogue Fashion Fund in the U.S.—the LVMH Prize is open to designers the world over, without restrictions for nationality or residence. “One of our priorities has always been creativity,” says Delphine Arnault (left), the executive vice president of Louis Vuitton, and one of the executives spearheading the new prize initiative. “We think, Who better than our designers to elect the designer of tomorrow?”
Applicants submit their work online, via the new LVMHprize.com, which will be accepting applications today through February 2, 2014. (Spectators can also comment on submissions and share favorites via social media.) From the applicant pool, an LVMH team will select thirty designers to send to Paris during fashion week in March to show their collections in a group showroom. From there, a quorum of industry experts, ranging from stylists to editors to retailers, will vote for the top ten, who will then go before the judging panel. (In addition to the designers above, creative directors of the LVMH labels Fendi, Marc Jacobs, Louis Vuitton, Dior, Céline, Givenchy, and Kenzo, respectively, the panel will include Arnault; Pierre-Yves Roussel, chairman and CEO of LVMH’s Fashion Group; and Bernard Claverie, LVMH’s head of corporate philanthropy.) Speaking by phone from Paris, Arnault answered a few questions about the new prize.
How did you select the preconditions for application—that designers must be under 40 years old and have produced two collections?
Under 40, because it’s a good age! I know that in the States, you’re not supposed to talk about age, but in Europe, it’s fine. I’m 38, so I think that 40 is a good age, non?
To have a minimum of two collections, we debated a lot on that. We spoke to Riccardo [Tisci], and he said, I would have never been selected on your list, because I only presented one collection! He only did one collection, and then he went directly to Givenchy. It’s quite hard, but you have to find a rule. At the beginning, we had more collections than two, but we think that two is a good number…. There are a lot of people who have a lot of talent, and then they don’t have enough financial support to develop it longer than two or three collections.
And why did you decide to hold the competition online?
What we hope by having this online application is to find amazing talents that no one knows. We want to find new designers…. Everyone is online, and everyone thinks like that. It’s easy for everyone to apply online. And the online part in fashion is very important, and becoming increasingly important. Continue Reading “Delphine Arnault and LVMH Announce the New LVMH Prize for Young Designers” »
Easy there, rumor mill. After a series of reports—all seeming to stem from an Asian site called Luxury Society, but picked up by outlets ranging from The Cut to StyleCaster that Nicolas Ghesquière had been confirmed as Marc Jacobs’ successor at Louis Vuitton, a source at the French house told Style.com that it’s not so. The representative stated that Vuitton has no comment as to whether it’s considering Ghesquière for the creative director gig, and could not confirm when the identity of the new designer will be released. That being said, whispers about talks between Ghesquière and LVMH have been circulating for some time…and look at how last year’s rumor that Alexander Wang might get appointed to Balenciaga turned out. All we can say for now is: Stay tuned.
LVMH announced today that, after sixteen years at the helm at Louis Vuitton, Marc Jacobs will be stepping down from his post in order to focus on his namesake brand, which WWD reports he’s taking public. The news broke following Jacobs’ Spring ’14 show for Vuitton, and while rumors that Nicolas Ghesquière will replace Jacobs have been circulating, LVMH has yet to name a successor.
Before Jacobs was appointed as the brand’s first creative director in 1997, the house was all about its iconic, monogrammed handbags and travel trunks. There was no Louis Vuitton ready-to-wear—no epic Paris fashion week sets, no Kate Moss cameos, no clothes. Jacobs’ debut Fall 1998 collection, which he showed sans music in Paris, was sheer minimalism, and a far cry from the opulent affairs he’s turned out in recent years. However, now, almost two decades later, Jacobs has transformed Vuitton from an old-world purveyor of superluxury travel goods to an international house at the forefront of fashion. Who could forget his artist collaborations, which he began with Stephen Sprouse’s graffitied handbags in Spring 2001? Or that time in 2010 when he dared to celebrate supermodels’ cleavage? And what would we talk about post-PFW if it weren’t for his outrageous runways (Fall 2012′s LV locomotive, anyone?)? Just in case your memory’s a little hazy, we’ve revisited Jacobs’ most unforgettable moments—sartorial and otherwise—from his time at Louis Vuitton. Click through our slideshow to see all his greatest hits.