A panel of international judges and finalists will make up the 2020 International Woolmark Prize - but no Australians will front the initiative.
Finalists include A-Cold-Wall (UK), Blindness (South Korea), Matthew Adams Dolans (USA), Richard Malone (Ireland) and Botter (Netherlands).
Previous Australian finalists include Dion Lee and Albus Lumen.
Meanwhile the judges include international names such as Vogue international editor at large Hamish Bowles, Dior men artistic director Kim Jones, Browns CEO Holli Rogers and model Anja Rubik.
The 2020 International Woolmark Prize will see the introduction of the inaugural Karl Lagerfeld Award for Innovation, in honour of the late icon and International Woolmark Prize alumnus.
The award will be presented to a finalist who showcases outstanding creativity and innovation; characteristics which led to Lagerfeld’s historymaking success.
The award will be presented by CR Book chief Carine Roitfeld.
“What an honour to be the first person to award the Karl Lagerfeld Award for Innovation,” she said.
“Karl was always looking for new talent - a rare, encouraging force, instrumental in the development of many young designers. In today’s global fashion business, discovering, nurturing, and providing a platform of recognition for innovating creatives is absolutely crucial.”
Now in its eighth year, the final announcement event will take place during London Fashion Week on February 17.
One overall winner will receive AU$200,000 and one designer will receive AU$100,000 for the inaugural Karl Lagerfeld Award for Innovation.
The 2020 finalists have focused on traceability and adding transparency to their supply chains.