{"id":162102,"date":"2024-04-19T13:30:28","date_gmt":"2024-04-19T17:30:28","guid":{"rendered":"https:\/\/models.com\/oftheminute\/?p=162102"},"modified":"2024-04-19T14:53:13","modified_gmt":"2024-04-19T18:53:13","slug":"the-woolmark-prize-switches-to-biannual-balmain-taps-matteo-sgarbossa-as-ceo-and-more-news-you-missed","status":"publish","type":"post","link":"https:\/\/models.com\/oftheminute\/?p=162102","title":{"rendered":"The Woolmark Prize Switches to Biannual, Balmain Taps Matteo Sgarbossa as CEO, and more news you missed"},"content":{"rendered":"

The International Woolmark Prize Evolves<\/strong>
\nThe International Woolmark Prize<\/a> is implementing significant changes to the competition this year, adopting a biannual schedule. Additionally, the cash prize for the winner is being increased by 50 percent to $300,000 AUS (approximately $195,000 USD). Established in 1953, the program aims to empower emerging designers by providing education, financial investment, and industry support to harness the potential of wool in their collections. Applications opened this past Tuesday and will continue until June 30th. The competition, previously held annually since its relaunch in 2012, is now extended to a two-year program starting from this edition, with a specific emphasis on sustainability and innovation. The Karl Lagerfeld Award for Innovation has also undergone modifications, now open to any brand within the fashion industry that has demonstrated pioneering innovations in merino wool for the first time. Previously, the award was exclusively available to emerging fashion brands. John Roberts, Managing Director of Woolmark, stated, \u201cThe International Woolmark Prize is committed to supporting young talent. To do this effectively, designers need more financial support, better access to sustainable materials and time to innovate with the latest technology. Our revised program aligns more closely with the evolving needs of the industry.\u201d The Advisory Council comprises a diverse group of global industry figures, including but not limited to Gabriela Hearst<\/a>, Gabriella Karefa-Johnson<\/a>, Sinead Burke<\/a>, Business of Fashion\u2019s Tim Blanks<\/a>, Head of Tmall Luxury Pavilion, Janet Wang, Founder and Chief Agitator Officer of Eco Age, Livia Firth<\/a>, and Creative Director of Fondazione Sozzani, Sara Sozzani Maino. The winner of the 2023 International Woolmark Prize, Nigeria-based brand Lagos Space Programme<\/a>, was announced last May. The Karl Lagerfeld Award for Innovation was given to Danish knitwear brand A.Roege Hove<\/a>. Previous recipients of the International Woolmark Prize include Saul Nash<\/a>, Matty Bovan<\/a>, Richard Malone<\/a>, Bode<\/a>, Rahul Mishra<\/a>, Edward Crutchley<\/a>, and Matthew Miller<\/a>, alongside fashion luminaries such as Karl Lagerfeld, Yves Saint Laurent, and Valentino Garavani. Designers worldwide who meet the criteria can submit their applications for the prize until June 30th here<\/a>.<\/p>\n

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A post shared by The Woolmark Company (@thewoolmarkcompany)<\/a><\/p>\n<\/div>\n<\/blockquote>\n