Reed Krakoff, Olsens, and Billy Reid win big at CFDA Awards

Tufts graduate Reed Krakoff (pictured with "Mad Men" actress Jessica Pare) took home a monumental prize for his leather-bound contributions at last nights CFDA (Council of Fashion Designers of America) Awards, where he was awarded Accessory Designer of the Year. The designer is known for his namesake line as well as his innovative leadership as creative director of Coach.

Mary Kate and Ashley Olsen's six-year-old line, The Row, snagged them the Womenswear Designer of the Year award but MK's new chocolate brown locks was the only surprise there. Southern-bred Billy Reid took home the counterpart for menswear.
Rising stars were also presented with the Swarovoski Award for emerging talent with Phillip Lim for menswear, Tabitha Simmons for accessories, and Joseph Altuzarra for womenswear.

However, the most amusing part of the night (for us, at least) came when "SNL" cast member Seth Meyers took to the stage wearing Marc Jacobs's unforgettable lace dress from this year's Met Ball. "It was Anna Wintour's idea," he told Vanity Fair.
Thoughts on last night's winners? Anyone else disappointed that Johnny Depp didn't manage to show up to claim his Fashion Icon of the Year award? Do you think he deserved it? (Lady Gaga and Audrey Hepburn are among past winners if that puts things into perspective.)
Discuss in the comments below.
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Hayley Kaufman is editor of the Style section.
Rachel Raczka (@rachelraczka) is the lifestyle producer for Boston.com.





