March 17, 2016 03:16 PM

By now, you’ve probably at least heard of the CFDA Awards even if you don’t happen to know precisely what they do or who they honor. If anything, you most likely just remember being excited around this time each year to hear the Olsen twins would be attending a fashion event. Well, it’s that time again, and not only will the perennially-nominated twins be at this year’s CFDAs, but here are four more reasons you’ll want to check them out this June.

Taylor Hill/FilmMagic

The CFDA, or the Council of Fashion Designers of America, is a not-for-profit trade association founded in 1962; it now has over 400 members working in womenswear, menswear, jewelry and accessories. Each year the council recognizes both those established fashion designers who have done outstanding work over the course of the previous year, as well as up-and-coming designers who deserve to be on everyone’s radar going forward.

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But while all that history is important, when it gets down to it, there are really only five things you need to know about this year’s CFDA nominations.

1. Mary-Kate and Ashley Olsen’s line The Row is nominated for the fifth time

Though it was only founded in 2006, the sisters’ high-end brand has been repeatedly lauded over the years for its eye for innovative design and the most luxe combinations of fabrics. They were first nominated for the Swarovski Award for Womenswear in 2011, and now are up for the Womenswear Designer of the Year in 2016; they won the Womenswear Designer of the Year Award in 2012 and 2015, and Accessories Designer of the Year in 2014. It’s clear that the Olsens’ turn from TV to fashion is way beyond a novelty at this point.

2. Your favorite permanently sold-out “It Bag” is being celebrated

The ladies behind the white-hot and relatively new brand Mansur Gavriel, Rachel Mansur and Floriana Gavriel, are nominated for Accessories Designer of the Year alongside big, established names, including Proenza Schouler and The Row.

3. David Bowie will be honored for his contributions for fashion

His style continues to be absurdly influential well after his death.

4. Lady Gaga‘s BFF and stylist (and an up-and-coming designer to the stars) Brandon Maxwell was nominated

The designer is up for the Swarovski Award for Womenswear, which, considering past years’ winners have included Rosie Assoulin, Creatures of the Wind, and Suno, bodes even bigger things ahead for Maxwell.

5. All of which means Gaga herself is pretty much guaranteed to show up in something totally show-stopping

We’re not saying she’s going to break out that 2011 Grammys egg again, but prepare yourself for something equally memorable and statement-making. Can she top Rihanna? We can’t wait to find out on June 6.

Are you looking forward to the CFDA Awards? Who would you like to see win?

–Emily Kirkpatrick

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