Erdem, Simone Rocha and Phoebe English designed one-off pieces for the exhibition.
The winner will be announced on May 1 and will receive mentorship and a cash prize.
The retailer wants to fill the void left by Louis Boston, but those customers may have scattered to the far corners of the earth.
Designer Erdem Moralioglu has created nine exclusive ready-to-wear pieces and accessories inspired by British ballerina Margot Fonteyn.
Kate Bosworth, Selma Blair, Rashida Jones, Jaime King, Ahna O’Reilly, Alexa Chung and more attended the Erdem x H&M launch party in L.A.