The LVMH Prize has revealed the names of eight finalists in this year’s edition, as three UK-based designers enter the final round of the prestigious award.
This year’s finalists in the LVMH Prize 2025, with the final in Paris on September 3 – Prix LVMH
The eight were selected from a group of 20 semi-finalists who participated in the LVMH Young Fashion Creators Award, when they presented their ideas on March 5 and 6 in Paris.
“At the 12th edition of the LVMH Prize, the presentations of the semi-finalists highlighted the rich diversity of their backgrounds and their creativity. the rich diversity of their backgrounds and creative visions. Their high standards in terms of garment construction, artisanal research and refinement, and I’d like to take this opportunity to congratulate them all,” said Delphine Arnault, CEO of Dior and the brainchild behind the awards.
With prize money of €300,000 for first prize, and €150,000 for the adjoining Karl Lagerfeld Prize, the LVMH Prize is one of the richest anywhere in fashion for emerging talent. This year’s final will be held at the Fondation Louis Vuitton on September 3.
A jury composed of over 50 Prize Experts, with a participation by the general public, selected the following eight, listed alphabetically.
Led by French designer Alain Paul, who showed women’s, men’s and unisex collections in inventive sculptural forms.
Followed by All-In by the duo of Benjamin Barron from the USA, and Bror August Vestbø from Norway, who presented women’s and unisex collections – featuring a fabulous frou frou gown accessorized with giant pearl necklaces.
From Italy, came Francesco Murano, a highly skillful draper.
From Japan, Soshi Otsuki, an exciting new talent in menswear.
Steve O Smith, from the United Kingdom, showed women’s and men’s collections – notable for their cut-out graphic style and bold sense of deconstruction.
A second London-based talent is Tolu Coker, with a brilliant blend of African iconography and prints coupled with bravura cutting and tailoring.
Also from the UK, Torishéju Dumi, whose women’s and men’s collections had a dynamic edgy grandeur.
And, finally, Zomer by Danial Aitouganov, a Dutch talent whose women’s shows in Paris have been highly acclaimed for several seasons.
“I would also like to sincerely thank our Committee of Experts for their renewed support. I wish all the candidates good luck and look forward to meeting them again at the 2025 final of the of the LVMH Prize,” concluded Arnault.
U.S.-based fashion tech startup Refiberd has been named eBay’s first-ever Circular Fashion Innovator of the Year, earning a $300,000 investment to accelerate its work in advancing circular solutions for the fashion industry.
Refiberd wins eBay’s first Circular Fashion Innovator of the Year Award. – Refiberd
The investment comes through eBay’s Circular Fashion Fund, which supports innovative startups that are reshaping how clothing is made, used, and reused.
The award recognizes Refiberd’s AI system that can discern exactly what different fabrics are made of, allowing them to be accurately sorted and recycled. Their technology is designed to integrate seamlessly with existing recycling infrastructure, helping recyclers turn textile waste into usable fibers and significantly reducing waste across the supply chain.
Refiberd was selected from a field of 12 startups across the UK, U.S., Germany, and Australia.
“We’re honored to win eBay’s first Circular Fashion Innovator of the Year Award. The investment from eBay Ventures will help us close a significant round of fundraising for the business, allowing us to expand our technology to new recycling partners, strengthen our AI capabilities, and move faster toward our mission of enabling true textile-to-textile recycling,” said Sarika Bajaj, co-founder and CEO of Refiberd.
“The journey for a startup is tough, so having the mentorship and access to eBay and the CFDA’s networks has already proven invaluable. With this added support we can accelerate our impact and help build a future where circular fashion is the norm—not the exception.”
The Circular Fashion Fund, launched in 2022, has now supported 27 businesses globally and is on track to invest $1.2 million alongside over 200 hours of mentoring and upskilling from industry experts by the end of 2025.
“As the pioneering secondary marketplace, eBay has been driving circularity in fashion since its inception 30 years ago,” said Alexis Hoopes, VP global head of fashion at eBay.
“It’s a critical time for the fashion industry, and eBay’s Circular Fashion Fund—and the eBay platform at-large—are propelling the industry forward, enabling innovative ideas to help shape brand and consumer behaviors.”
The fund’s expansion comes as consumer interest in circular fashion continues to rise, particularly among Gen Z, with 66% reporting that buying pre-loved fashion is becoming increasingly important to them.
Canadian outdoor lifestyle brand Roots announced on Wednesday a 0.1% increase in total sales, for the fiscal year 2024, on the back of a strong fourth quarter.
The Toronto-based company said sales reached $262.7 million for the year ended February 1. Direct-to-consumer sales were $223.3 million, a 0.4% increase compared to the previous year, supported by better product margins and more effective discounting strategies.
Full-year adjusted net income grew 41.1% to $6.0 million. However, including the impairment charge, the company posted a full-year net loss of $33.4 million, compared to a profit of $1.8 million in fiscal 2023.
In the fourth quarter, Roots posted $110.8 million in sales, up 2.4% year-over-year. DTC sales, which includes revenue from corporate retail stores and e-commerce, rose 3.6% to $101.2 million in the fourth quarter.
Roots said this performance was driven by particularly strong demand for its core fleece and activewear collections, as well as the successful execution of its holiday assortment and marketing campaigns. The company also credited improvements to its omnichannel customer experience, which helped drive conversion both online and in stores.
“In the fourth quarter of fiscal 2024, we delivered a 7.5% increase in DTC comparable sales, a 270bps rise in gross margin, and Adjusted EBITDA growth of 9.1% year-over-year. Our strong performance reflects the impressive execution by the team across our strategic initiatives. Customers responded well to our holiday products, our enhanced brand engagement, and our improved omnichannel customer experience,” said Meghan Roach, president and chief executive officer.
“Our momentum has continued into the first quarter of fiscal 2025. As we look forward, we remain focused on delivering quality, innovation, and value to our customers while positioning Roots for sustained growth in the quarters ahead.”
Cosmetics group Clarins has named American model and environmental advocate Arizona Muse as its first-ever global CSR advocate.
Clarins names Arizona Muse as first globalCSR advocate. – Clarins
In this newly created role, Muse will lend her voice and platform to spotlight Clarins’ social and environmental commitments.
Notably, Muse will create social content that brings Clarins’ key CSR (Corporate Social Responsibility) initiatives to life including its commitment to responsible sourcing and full transparency on the origin of their ingredients, cultivation methods, and product manufacturing thanks to its traceability platform Clarins T.R.U.S.T.
The brand is also the first cosmetics company in the world to earn the Regenerative Organic Certified certification for its regenerative farming activity on the Domaine de Serraval.
Looking ahead, Clarins’ sustainability roadmap includes a goal to cultivate one-third of the plants used in its products by 2030 on its two Clarins Domaines, using farming methods that actively regenerate soil health.
“Clarins has always advocated for social and environmental responsibility. It’s one of our founding values. We have chosen Arizona as the perfect partner to represent this core value and embody our CSR initiatives: her deep commitment to sustainability matches Clarins’ and she shares our convictions about the work companies need to be doing in terms of CSR,” said Virginie Courtin, managing director of the Clarins Group.
“I met Arizona about 10 years ago and have been impressed ever since by her sincerity and dedication. I am confident that she will help us communicate on our initiatives and commitments with the engagement, passion and knowledge she brings to every project.”
Once dubbed “the new face of American fashion” by Anna Wintour, Muse’s modelling career includes over 40 Vogue covers and collaborations with some of the world’s most prestigious fashion houses. But it was her growing concern for the environmental impact of clothing production that led her down a different path. In 2021, she founded DIRT, a charity focused on promoting regenerative farming practices and helping brands transition to more sustainable strategies.
“Since I was 26, I’ve been thinking about sustainability, and about what we can do, as corporations and humans, to create a more sustainable future so this feels like the kind of partnership I dreamed up,” added Muse.
“It’s the 1st time that a business as big as Clarins has trusted me to be their CSR advocate and I’m proud to accompany them on their sustainability journey. I love how important sourcing and choosing regenerative farming practices are to Clarins, and how they’ve built this into their business. If brands want to be truly sustainable, it has to be written into the business, and Clarins understand this.”
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