One of fashion’s most storied prizes is making a comeback in 2023. 

On Wednesday, the Neiman Marcus Group announced that the accolades colloquially known as the Neiman Marcus Fashion Awards will make their return during Paris Fashion Week in March. Now called the NMG Awards, the revived platform will also include the new Neiman Marcus Award for Creative Impact in the Field of Fashion, which will be given to recipients demonstrating exceptional innovation.

Originally known as the Neiman Marcus Award for Distinguished Service in the Field of Fashion, the prestigious prize was created in 1938 by Carrie Marcus Neiman and Stanley Marcus, founders of the luxury department store group. It’s since been awarded to over 100 fashion designers, including icons like Christian Dior, Yves Saint Laurent, Coco Chanel and Karl Lagerfeld. Carolina Herrera was the last to win the award in 2016. After a seven-year hiatus, Brunello Cucinelli is now next in line for the esteemed prize.

“The NMG Awards are an embodiment of our relentless commitment to our brand partners, connecting them to our luxury customer in an entirely new way,” says Geoffroy van Raemdonck, CEO of NMG in a statement. “We are recognizing, and celebrating with the fashion industry, those who are inspiring our collective mind to shape the…