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NEW YORK—Billy Reid beat out five other menswear designers—Burkman Bros, Richard Chai, Caulfield Preparatory designer Vincent Flumiani, J. Crew menswear designer Frank Muytjens, and UNIS designer Eunice Lee—to win GQ's third menswear designer of the year award. Billy Reid wins $50,000 cash and the opportunity to create a limited-edition collaborative collection with Levi's.