Design legends Tom Ford, Marc Jacobs, and Michael Kors are set to battle it out for top spots at the CFDA Awards.

The Council of Fashion Designers of America has confirmed this year's nominees and honorees for the CFDA Awards, with the line-up including: Tom Ford (Menswear Designer of the Year), Alexander Wang (Accessories Designer of the Year), and Ashley and Mary-Kate Olsen for their fashion label The Row (Womenswear and Accessories Designer of the Year).

The competition for the Womenswear Designer of the Year award includes some industry greats, with Joseph Altuzarra for Altuzarra, Marc Jacobs, Michael Kors, Lazaro Hernandez and Jack McCollough for Proenza Schouler, and the aforementioned Olsens, all in the running for the title.

Betsey Johnson is set to receieve a lifetime achievement award while the international honor will be given to Maria Grazia Chiuri and Pierpaolo Piccioli of Valentino.

The CFDA Awards, in collaboration with Swarovski, are set to take place June 1 at New York's Alice Tully Hall at Lincoln Center.

See the full list of nominees and honorees at http://cfda.com/cfda-fashion-awards