Cannes Film Festival is already known for its fashion: the gorgeous gowns (and dapper suits) that grace the red carpet always seem to make our hearts skip a beat. But now, some entrepreneurs have decided to take things to the next level — by hosting a three-day Fashion Festival , which will run from May 20 to 22 at the Hotel Majestic Barrière, and promises both "stunning runway shows and glamorous events."
While we'll have to wait months to see how this new venture pans out — and what designer duds our favorite A-listers will be sporting — nothing's stopping us from enjoying the stylish hits from years past. From the gold-spangled Lanvin  dress Linda Evangelista wore on the carpet in 2008 to the Jean Paul Gaultier  bustier Madonna  wore in 1991, scroll through for a look at our favorites.
— Additional reporting by Samantha Sutton
Cate Blanchett  wore an Alexander McQueen  gown at the Cannes premiere of Robin Hood in 2010.
Madonna  wore an ensemble designed by Jean Paul Gaultier  — including one of the now-iconic cone-shaped bustiers he created for her — at the 1991 Cannes premiere of her movie In Bed With Madonna.
Jessica Biel  turned up the glamour for the Inside Llewyn Davis premiere at the 2013 Cannes Film Festival, wearing an ultratextured, strapless Marchesa  dress cut to reveal a feather underlay with a bejeweled serpent collar necklace, Marchesa clutch, and nude pumps.
Naomi Campbell  wore a custom Roberto Cavalli  gown in 2010 for the Cannes premiere of Biutiful.
Blake Lively  wore a stunning Gucci  Première ball gown to the 2014 Cannes premiere of Captives, which starred husband Ryan Reynolds .
Salma Hayek  wore a strapless gray Gucci  Premiere gown to the 2011 Cannes premiere of Midnight in Paris.
Natalie Portman  wore this dramatic Givenchy  dress to the amfAR Cinema Against AIDS dinner at Cannes in 2008.
Fan Bingbing wore a heavily embroidered Christopher Bu gown to the 2012 Cannes premiere of Moonrise Kingdom.
Diane Kruger  wore a mint green Giambattista Valli  gown at the 2012 Cannes premiere of Moonrise Kingdom.
Beyoncé Knowles wore a dress from her mother Tina's label House of Deréon to the 2006 premiere of Dreamgirls.
Tilda Swinton wore a copper Haider Ackermann  gown to the 2012 Cannes premiere of Moonrise Kingdom.
Catherine Zeta-Jones  wore a pink gown for the 1999 Cannes premiere of her movie Entrapment.
Karolina Kurkova wore a Roberto Cavalli  gown to the 2012 Cannes premiere of Killing Them Softly.
Kristen Stewart  wore a red Reem Acra gown at the 2012 Cannes premiere of Cosmopolis.
Laetitia Casta made headlines by wearing this silk kimono on the Cannes red carpet in 2001.
Uma Thurman  wore a white fringed Versace  gown to the 2011 Cannes premiere of Midnight in Paris.
Freida Pinto wore a Michael Angel gown to the 2012 Cannes premiere of Moonrise Kingdom.
Emma Watson  looked perfectly elegant in a black-and-white silk crepon Chanel Haute Couture dress when she took to the red carpet at the 2013 Cannes premiere of The Bling Ring.
At the All Is Lost premiere at Cannes in 2013, Alessandra Ambrosio struck the fiercest pose she's got in an armor-like silver embellished long-sleeved gown by Roberto Cavalli .
Kirsten Dunst  chose a long-sleeved gown for the festival premiere of her movie Marie Antoinette in 2006.
Angelina Jolie  wore a nude Atelier Versace  dress in 2009 for the Cannes premiere of Inglourious Basterds.
Eva Herzigova bared both legs in a dramatic dress from Anna Molinari  at the 2006 Cannes premiere of The Da Vinci Code.
The train of the Marchesa  gown Eva Longoria  wore to the 2012 Cannes premiere of Moonrise Kingdom got a lot of attention.
Marion Cotillard wore a soft, gold gown with a cutout back to the Cannes premiere of We Own the Night in 2007.
Naomi Watts  wore a Marchesa  gown for a screening of Madagascar 3: Europe's Most Wanted during the 2012 Cannes Film Festival.
Zoe Saldana  attended the 2013 premiere of Blood Ties in a Valentino gown featuring a decadently embroidered gunmetal-gray overlay.
Dita von Teese  wore this plum dress to the premiere of Selon Charlie in 2006.
Audrey Tatou wore a white cocktail dress and jacket to the festival's gala dinner in 2006.
Gwyneth Paltrow  wore a midnight blue Chanel gown at the 2008 festival premiere of Two Lovers.
Linda Evangelista shimmered in gold Lanvin  at the 2008 festival premiere of Indiana Jones and the Kingdom of the Crystal Skull.
Jessica Chastain wore a Zac Posen  dress at the 2011 Cannes premiere of The Tree of Life.
Princess Diana chose a simple blue chiffon dress by Catherine Walker for the festival in 1987. It was reportedly meant as an homage to a gown Princess Grace of Monaco wore in Alfred Hitchcock's To Catch a Thief.
Nicole Kidman  wore a Pucci  dress to the 2003 Cannes premiere of Dogville.
Kate Beckinsale  wore a Marchesa  gown in 2010 for the Cannes premiere of Robin Hood.
Michelle Williams  wore a pale pink Chanel couture gown at the afterparty for Blue Valentine in 2010.
Rachel McAdams  wore a sheer Marchesa  gown for the 2011 Cannes premiere of Midnight in Paris.
Penélope Cruz wore a Marchesa  gown for the 2011 Cannes premiere of Pirates of the Caribbean: On Stranger Tides.
Proving she really is a style golden girl , Olivia Palermo went full-carat-ahead in a long Roberto Cavalli  gown and jacket for the 2013 Immigrant premiere.
Gwen Stefani  wore a Giorgio Armani  dress to the 2011 Cannes premiere of This Must Be the Place.
Cara Delevingne amped up the sex appeal in a body-con Burberry  gown with a plunging neckline at the 2013 Cannes Film Festival.
Charlize Theron  wore a seafoam Christian Dior  gown at the 2004 premiere of De Lovely.
Erin Wasson wore an Antonio Berardi  gown to the 2012 Cannes premiere of Amour.
Jennifer Lopez  wore a pink Roberto Cavalli  gown to the amfAR Cinema Against AIDS gala in 2010.