The ANDAM prize, worth 200,000 euros, is one of the industry's most prestigious awards, chosen by a panel that includes French Vogue Editor Emmanuelle Alt and luxury heavy weights Pierre Bergé, Delphine Arnault and Nadja Swarovski.

The prize also includes 10,000 euros of Swarovski crystals for use in the winner's next collection, and is generally used to fund a showing at Paris Fashion Week.

This year, the winner is Belgian designer Anthony Vaccarello, who founded his eponymous label two years ago, after working under Karl Lagerfeld at Fendi.

The designer's aesthetic is dark, clean and complex, and he has already won fans in Lou Doillon and Abbey Lee Kershaw.

Past winners of the ANDAM award - who unlike recipients of the equally generous CDFA Award, can be from anywhere in the world - include Gareth Pugh, who used his winnings to create a ground breaking fashion film, Viktor and Rolf, and Martin Margiela.

In an interview with The New York Times Vaccarello, who is already based in Paris, stated that he would not let the award change the slow, sustainable model of business growth he envisions for his brand. He will be using the award to fund his Paris showing, and set up a studio, although it might also be wise for the talented 31 year old to spend a bit of his winnings on building a better website.

The other nominees for the ANDAM this year were Adam Kimmel, Commuun,Jeremy Laing, Matthew Harding, and Yiqing Yin, who was awarded a second 60,000 euro prize.
Source: The Vine