LVMH Prize

Plus, Sofia Coppola gets 'W' Director's Issue cover starring Elle Fanning, Kirsten Dunst and Rashida Jones.

Plus, Veja becomes even more sustainable.

Plus, this year will have no winner and the 300,000 euro award will be split evenly among the eight finalists.

Former prize-finalist Virgil Abloh will be joining the jury to judge their collections.

"I'm trying more to focus not on what we already know are the problems, but what are we doing to solve them?" says Serre.

Plus, has being an "All American" brand lost its appeal?

Plus, LVMH postpones prize-winning ceremony for young designers.

For the first time ever, an Israeli designer and two African designers — from Nigeria and South Africa — made the final round of the competition.

Plus, Chiara Ferragni to join the LVMH Prize committee as an expert and ambassador.

Ino's brand Doublet will receive 300,000 euros.

This year's applicants were so talented, they widened the number of labels up for the top honor.

Plus, Bebe is going to be relaunched as an e-commerce site.

How can you flip limited resources and fleeting opportunities into long-term growth and viability?

It's a diverse mix of womenswear, menswear and unisex labels, including a Danish designer finalist for the first time.

Streetwear is also strongly represented.

Plus, a safety recall is taking place at Honest Company.

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

With his subculture-influenced collections and multi-platform approach to storytelling, the designer is taking his time to hone his vision — despite the breakneck pace of the industry.

As one of 41 "fashion experts" chosen by the luxury conglomerate, Kloss used her digital platform to introduce fans to industry up-and-comers.

The finalists were narrowed down from a short list of 23 designers.

Even the man who dresses Lady Gaga gets starstruck by fashion people.

Nearly 1,000 designers from more than 50 countries entered for a spot.

American fashion labels came up short in the LVMH contest after nabbing both the womenswear and menswear prizes from Woolmark earlier this year.