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The finalists for the 2020 LVMH prize have been announced, Vogue reports. From the 20 semi-finalists, eight nominees have now been selected to present their final collections to a panel of judges – including Virgil Abloh and Rihanna – at the Louis Vuitton Foundation on June 5.

The winner will receive a €300,000 (approximately $341,000) grant and a year's mentorship from a dedicated LVMH team. The Karl Lagerfeld prize, recently introduced to honor the late designer, will see an upcoming talent awarded a €150,000 (approx $170,700) grant and a one-year mentorship.

Now in its seventh consecutive year, former LVMH prize winners include Jacquemus, Marine Serre, and Hood By Air.

This finalists for the LVMH prize 2020 are as follows:

AHLUWALIA by Priya Ahluwalia

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CASABLANCA by Charaf Tajer

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CHOPOVA LOWENA by Emma Chopova and Laura Lowena

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NICHOLAS DALEY by Nicholas Daley

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PETER DO by Peter Do

SINDISO KHUMALO by Sindiso Khumalo

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SUPRIYA LELE by Supriya Lele

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TOMO KOIZUMI by Tomotoka Koizumi

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