She was most recently global chief executive officer of Stuart Weitzman.
The designer will become chief creative officer of his brand under the new ownership.
Kloss led a discussion between Maxwell and Arnold about providing opportunities for the next generation.
The award was doubly touching for Lam, who learned about its existence when Isabel Toledo won in 2005.
The New York-based designers talked about sustainability and connecting with consumers in different capacities.
“Regardless of gender, we shouldn’t be putting labels on colors,” according to Pantone’s Leatrice Eiseman.
The designer’s company will discontinue the luxury Collection launched in 2003 to focus on Derek Lam 10 Crosby.
Industry leaders gathered at the LGBT Community Center for an intimate dinner Sunday evening.
Scuba divers and snorkelers would be right to associate its name with marine invertebrates found beneath the sea.