Satoshi Kuwata, the Japanese designer and founder of Setchu, a brand that bridges East and West, craft and transformation, has won the 2023 LVMH Prize for Young Designers, the largest and most prestigious such award in the fashion industry.
He will receive 400,000 euros (about $429,000) and a year of mentoring from an LVMH executive.
The Karl Lagerfeld special jury award was given to Julie Pelipas, the founder of Bettter, a Ukrainian women’s wear brand built on repurposing dead stock, and Luca Magliano of Magliano, an Italian men’s wear brand. Both will receive 200,000 euros and a yearlong mentorship.
Why It Matters: Bridge-building takes center stage
The LVMH prize is a bellwether for larger trends within the fashion industry, especially among young designers responding to the political and social concerns of their generation. In the past, gender fluidity was a common theme, as was sustainability.