The CFDA Fashion Award is an annual event organized by the Council of Fashion Designers of America to honor outstanding contributions to the fashion industry. Established in 1981, the awards recognize designers, brands, and individuals who have made significant impacts in various categories, including women's wear, men's wear, and accessories. Winners are selected by a panel of industry experts and are celebrated for their creativity, innovation, and influence. The awards ceremony is a prestigious occasion that highlights the achievements of both established and emerging talents in the world of fashion.