These 12 Designers Are The Future Of Luxury Fashion

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embedPhoto: Courtesy of LVMH.
Consider 12 talented young designers' days made. LVMH has just announced the 12 finalists for its coveted LVMH Prize for young fashion designers. The 12 mens- and womenswear designers — including R29 favorites Suno, Hood By Air, and Vika Gazinskaya — hail from all over the globe and were chosen from a short list of 30 by a panel of 42 industry experts.

The winner of the competition will receive a grant of €300,000 (about $420,000 U.S.) and 12 months of assistance from a special LVMH team to help them develop their companies. Advisement will focus on matters of intellectual property, sourcing, production and distribution, and marketing.

Next up, the dozen finalists will show their fall ’14 collections at LVMH headquarters in Paris on May 28. They'll present before a truly formidable judges' panel that includes Marc Jacobs, Phoebe Philo, Nicolas Ghesquière, Raf Simons, Karl Lagerfeld, and Pierre-Yves Roussel, chairman and CEO of LVMH fashion group. It's enough to make any young designer's palms sweat, but if they can impress in this room, they can impress anywhere — not to mention forge the kind of connections that could make their careers.

See below for the full list of finalists, and watch this space for updates on the competition. The luxury designers we'll all be coveting soon are here.

Atto (Julien Dossena, French, based in Paris)
CG (Chris Gelinas, Canadian, based in New York)
Gabriele Colangelo (Gabriele Colangelo, Italian, based in Milan)
Hood By Air (Shayne Oliver, American, based in New York)
Jacquemus (Simon Porte Jacquemus, French, based in Paris)
Miuniku (Tina and Nikita Sutradhar, Indian, based in Mumbai)
Simone Rocha (Simone Rocha, Irish, based in London)
Suno (Erin Beatty and Max Osterweis, American, based in New York)
Thomas Tait (Thomas Tait, Canadian, based in London)
Tillmann Lauterbach (Tillmann Lauterbach, German, based in Paris)
Tim Coppens (Tim Coppens, Belgian, based in New York)
Vika Gazinskaya (Vika Gazinskaya, Russian, based in Moscow)