On Friday, the luxury goods group named the nine shortlisted brands that will compete for this year’s LVMH and Karl Lagerfeld Prizes.

Finalists include: Aaron Ash; Julie Pelipas’ Bettter; Burc Akyol; Diotima by Rachel Scott; Raul Lopez’s Luar; Magliano by Luca Magliano; Paolina Russo; Veronica Leoni’s Quira; and Setchu by Satoshi Kuwata.

This year’s winners will be selected on June 7 by a jury of some of LVMH’s top designers and executives. The LVMH Prize recipient will be awarded €300,000, while the Karl Lagerfeld prize winner will receive €150,000; both will also receive year-long mentorship from LVMH executives.

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Britain’s S.S. Daley Wins the LVMH Prize

ERL and Winnie New York were runners-up. Steven Stokey-Daley will be awarded €300,000 and a year of mentorship from executives of luxury’s biggest conglomerate.

Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholder’s documentation guaranteeing BoF’s complete editorial independence.