Marques' Almeida wins LVMH Prize

Marta Marques and Paulo Almeida of the label Marques' Almeida, founded in 2011, have been awarded the second annual LVMH Prize for young fashion designers.

The winners were chosen by a star-studded jury that included Marc Jacobs, Karl Lagerfeld, Raf Simons, Riccardo Tisci, Phoebe Philo, JW Anderson and Nicolas Ghesquière.

The Portuguese designers will receive €300,000 in prize money plus a year of personalized assistance from LVMH teams in areas such as intellectual property, marketing, production and distribution.

Designer Simon Porte Jacquemus won a Special Prize for his brand Jacquemus, founded in 2010.