Fashion & Trends

Wendy Yu Announces the Winners of the Inaugural Yu Prize at Shanghai Fashion Week

Yu’s ambition was to advertise all of the designers and determine the ones that may very well be profitable on a world scale with the acceptable funding and help. Last evening, she awarded Chenpeng’s Peng Chen the prime prize: a million renminbi, or $150,000; the alternative to promote his collections at Harrods; and a year-long mentoring program with Only The Brave’s Renzo Rosso. Yu additionally introduced three further prizes: Susan Fang took house the Yu Prize Creative Pioneer Award in partnership with Piaget, a prize of 300,000 renminbi (or $45,000); Donsee10’s Danqi Chen picked up the Yu Prize Sustainability Champion award in partnership with Rémy Martin for a bag created from “grape leather” upcycled from the winemaking course of, with a prize of 10,000 renminbi, or $1,500; and At-One-Ment’s Wanbing Huang received the Yu Prize Infinite Beauty award in partnership with Yumee for a challenge impressed by the make-up model’s signature lipstick, with a prize of 10,000 renminbi, or $1,500.

In the subsequent few months, Yu and her staff will introduce the winners to contacts all through the trade to nurture their companies in China and overseas. “It really helped to have a local, but also truly global jury when evaluating the finalists,” Yu provides. “We hoped to find winners that can be successful in their home market as well as around the world.”

For these in Shanghai, all 16 finalists’ collections will probably be displayed in “The New Wave of Chinese Fashion” exhibition at HKRI Taikoo Hui mall till April twenty fifth. Read extra about the prize at yu-holdings.com.

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