Wales Bonner Is the Winner of the 2016 LVMH Prize

Menswear designer Grace Wales Bonner will receive €300,000, as well as mentorship from LVMH execs for a full year.
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Photo: Getty Images

Photo: Getty Images

On Thursday, luxury conglomerate LVMH announced Wales Bonner as the winner of the third annual LVMH Prize — a prestigious distinction that awards one deserving label a €300,000 grant to put towards the development of its business, as well as a year of mentorship from LVMH executives in areas including production, advertising, marketing and distribution. The 2016 pool of nominees was narrowed down to a shortlist of eight back in March, and designer Grace Wales Bonner emerged victorious — just two years after her graduation from Central Saint Martins, and a year after her collection debuted with Fashion East at London Collections: Men for the fall/winter 2015 season.

Bonner's fresh, thoughtful menswear designs were a hit with critics early on, and stand out on account of their elements of gender fluidity, smart tailoring and embellishments like beading and embroidery. This isn't the first major distinction the brand has earned since its founding: Wales Booner was awarded the British Fashion Council's emerging menswear designer award in 2015.