Billy Reid is named the winner of the GQ & CFDA Best New Menswear Designers in America Competition for 2010. Billy Reid pictured, left, with Jeanne Reid

DenimHunt sends a hearty congratulations to menswear designer Billy Reid, who has just been named the "Best New Menswear Designer in America" by GQ Magazine, CFDA, Levi's brand and Bloomingdales.

As the winner Reid receives $50,000, plus the opportunity to create a limited-edition collection for Levi's. The collection will receive an exclusive, month long debut at several Bloomingdales locations in the Fall with one outfit being featured in the September issue of GQ. He will also participate in a mentoring program by GQ, Levi's and Bloomingdales. 

GQ Creative Director, Jim Moore, left, with Billy Reid, Winner of the GQ & CFDA 2010 Best New Menswear Designers in America Competition Models in Reid's Fall 2010 Collection are seen in the background.