NEW YORK — The judges for the International Woolmark Prize were to be revealed tonight at a party hosted by Harper’s Bazaar and Esquire. The U.S. regional awards take place in New York on July 14.

The judges are Malcolm Carfrae, executive vice president and chief communications officer of Calvin Klein Inc.; Ariel Foxman, editor of InStyle; Eric Jennings, vice president and men’s fashion director for Saks Fifth Avenue; Steven Kolb, chief executive officer of the Council of Fashion Designers of America; Michelle Lee, director, Americas at The Woolmark Co.;  Colleen Sherin, senior fashion director at Saks; Stefano Tonchi, editor in chief of W, and David Granger, editor in chief of Esquire. A women’s fashion designer will be added to the judging panel.

For the first time, there will be one overall winner for women’s wear and one overall winner for men’s wear. Both will have an opportunity to showcase their collection at Saks.

In women’s wear, the finalists are Jonathan Simkhai, M. Patmos, Nonoo, Rosie Assoulin and WHIT. In men’s wear, the finalists are Antonio Azzuolo, Mark McNairy New Amsterdam, Ovadia & Sons, Public School, Timo Weiland and Todd Snyder.

The designers will present sketches of a merino wool capsule collection comprising six outfits, with one full outfit being produced. Last year’s U.S. regional winner was Joseph Altuzarra, who beat out nine other women’s wear designers.

Five regional competitions will be held in the U.S., Asia, Australia, Europe and India and the Middle East to select 10 women’s and men’s finalists who will each receive $47,000 toward their next collection, as well as an invitation to participate in the international final. The five men’s wear finalists will meet at London Collections: Men in January, and the five women’s wear finalists will meet in Beijing in March 2015.

The overall winners of the men’s wear and women’s wear finals will each receive $94,000 to assist with fabric sourcing and marketing of their collection. In addition, both international winners will have their collection carried by key international retail partners.