LVMH has created a special new prize for young designers named after Karl Lagerfeld, whose own career was ignited by winning an award. The LVMH Prize's Special Prize will now be known as the Karl Lagerfeld Prize.
Luxury conglomerate LVMH has pushed back the final of its much-watched LVMH Prize to September, the first time the award ceremony will take place in autumn; on September 4 in Paris, inside the Fondation Louis Vuitton.
After joining Pitti Uomo as a guest in January, Portugal aims to strengthen its status as a leading fashion destination beyond manufacturing. FashionNetwork.com visited ModaLisboa to meet the nation’s top designers.
Portuguese designers Marta Marques and Paulo Almeida, winners of the 2015 LVMH Prize, presented a typically punky runway in Paris on Tuesday, signalling their brand's definitive transition to the see-now-buy-now format.