The mass-market beauty company had $96.8 million in sales for the first half of 2016.
Rights groups applaud the decision as a victory for individual and religious freedom.
It was her first public appearance since leaving the King Edward VII hospital in London on Dec. 6.
Roksanda Ilincic, Mary Katrantzou and Nicholas Kirkwood are among the designers vying for the prize.
With a week to go before Christmas, European retailers are hoping for some late-Christmas cheer in what has so far proved to be an uneven season for sales.
After one of the most volatile years in fiber prices in 2011, stability returned to the market in 2012 and the outlook seems steady for 2013.