The mass-market beauty company had $96.8 million in sales for the first half of 2016.
The decision could set a precedent and topple other beach bans that have caused an international furor.
Attendees included Jason Wu, Kelly Klein, Barry and Sheryl Schwartz, Dana Lorenz, Alex de Betak, Adam Lippes and more.
Luxury boutique Just One Eye celebrated its collaboration with The Row and Damien Hirst.
The affair, honoring conductor Riccardo Muti, raised funds for the Institute’s foundation, which promotes cultural initiatives.
Winner Greg Chait of The Elder Statesman will be mentored by Chrome Hearts’ owners and designers Richard and Laurie Lynn Stark.