Last night styled stars and fashion's elite gathered to honor the year's best designers at the seventh annual CFDA/Vogue Fashion Fund Awards. Billy Reid took home top honors, while Prabal Gurung and Eddie Borgo finished as finalists. Among the star-studded tribute, Carey Mulligan took the stage in sparkles, Anna Wintour was caught chatting with Prabal and Karl Lagerfeld, Gossip Girl's Leighton Meester and Blake Lively each made a stunning red carpet entrance, and Mary-Kate and Ashley Olsen coordinated in full-length fur.
