Karl Lagerfeld’s memory and legacy will forever be remembered with an annual fashion prize by LVMH. The winner of the prize will receive €150,000 and a one-year mentorship program with LVMH.
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“Karl Lagerfeld, creative director of the house of Fendi since 1965, was involved in the prize since its launch,” Delphine Arnault, director and vice president of Louis Vuitton told WWD. “He was fully committed to it since day one, transporting us with his enthusiasm and his energy, sharing with everyone, whether other jury members or candidates, his culture and his passion for fashion. We shall always cherish those precious moments.”
Lagerfeld was a member of the jury for the LVMH prize for years. He received a similar award in 1954 from the International Wool Secretariat which helped him launch his fashion career.