LVMH has announced that launching a fashion prize. This fashion prize is held in the honor of Karl Lagerfeld. He is the former of Chanel and Fendi which is passed the recent February. He died at the age of 85 and the full life spent in the fashion industry.
In the recent report of WWD. The WWD reports LVMH, is the father of brands including Louis Vuitton, Dior also represents the LVMH prize that sports the Fashion industry, young fashion designers.
This is held on 4th September at the Foundation Louis Vuitton. The sixth fashion contest for Young Fashion Designer. Karl Lagerfeld is the director of the house of Fendi in 1965. He is involved in the prize before launch.
Delphine Arnault is the president of Louis Vuitton.