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Billy Reid first won the coveted GQ/CFDA Best New Menswear Designer in America Award in 2001, the unfortunate realities of September 11th, put a stop to the designers progress, but the last year has seen Reid come back with a bang, culminating in the announcement last night of the NY designer as the winner of the 2010 award. Along with the $50,000 cash award, and acolades from being named the New Menswear Designer in America, Reid will also create a limited edition Levi’s collection for Bloomingdale’s.

GQ will profile all the designers nominated over the coming days, but fittingly start with Bill Reid.

Nominees include:

– Billy Reid (Winner)
– Richard Chai
– Unis (by Eunice Lee)
– J. Crew by Frank Muytjens
– Caulfield Preparatory by Vincent Flumiani
– Burkman Brothers by Doug and Ben Burkman

GQ also have photos from the event itself here.