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

CASABLANCA by Charaf Tajer

CHOPOVA LOWENA by Emma Chopova and Laura Lowena

NICHOLAS DALEY by Nicholas Daley

PETER DO by Peter Do

SINDISO KHUMALO by Sindiso Khumalo

SUPRIYA LELE by Supriya Lele

TOMO KOIZUMI by Tomotoka Koizumi