Francisco Costa

Katie Holmes was stunning in a backless white Calvin Klein Collection gown at the Costume Institute Benefit at the Metropolitan Museum of Art in NYC tonight. She was one of the first to arrive and stopped on the grand staircase on her way into the museum to pose with designer and Calvin Klein creative director Francisco Costa. Katie's no stranger to the annual fashion event, having attended in years past with husband Tom Cruise. There are so many more stars to see on the carpet this evening, so make sure to check out all the fashion and beauty favorites!

"The future is about new construction," said Francisco Costa after the Pre-Fall 2013 presentation for Calvin Klein. "You have to show something new."

What's new at this brand is a focus on generous proportions. Costa put rounded shoulders on generous coats belted at the waist like robes, and let slim skirts and dresses fall below the knee. Some of the looks were paired with turtlenecks or dickies (and a few were made from shaved mink), which gave the show a monastic feeling.

Not that there wasn't a little kink, too. One of those coats was cut from a shiny light-brown vinyl, and there were a few pieces — like a sleeveless shirt with a peplum and an overcoat — made from black leather.

Photos courtesy of Calvin Klein.

Francisco Costa ventured a bit outside the minimalist box for Calvin Klein's Resort 2013 collection, adding prints and patterns to his traditionally monochromatic color assortment. The show opened with a double-breasted jacket over a skirt — both rendered in a soft yellow and white print. That look was later joined by a jacket and dress in pale taupe python and a series of garments decorated with dots of varying size. In between, Costa was sure to feature the kind of crisp tone-on-tone looks the house is known for: a white bandeau top and skirt worn under a long-sleeved chiffon dress, or a deep green dress with athletic-cut arm holes, for example. Costa's readiness to brush up against the confines of minimalism — without stepping outside of them — resulted in a collection that felt decidedly modern.

Zoe Saldana, Kerry Washington, and most recently Emily Blunt at the Met Gala are just a few of the celebrities who don Francisco Costa's minimally chic collection for Calvin Klein, and now you can get a piece of Francisco's genius designs for much less. Today, we got a preview of Francisco Costa for Calvin Klein (Francisco's first ever diffusion collection), exclusively available at Macy's on May 15, and believe us when we say the line is every bit as chic as the designer's main collection. "It's a good price, great design," said Costa. "One of the inspiration points came from the Museum of Modern Art in Sao Paulo, which was really inspirational because there was a picture of a sunset picture, and the sun was just hitting the pavement. It was so significant to me and that's where the color palette came from . . . The fabric is so nice, very versatile, and easy to wear during the day, to the office, and into the evening." One touch of the fabric and you will not believe that each dress only costs from $135 to $180. "If you think of Jennifer Lawrence in her red dress at the Oscars, this is basically it, what it represents," said Costa. Check out the slideshow to see the collection — additional colors like guava, warm cocoa, and iron are not included in the lookbook, but will be available upon launch — right now, then remember to check out Macy's in stores or online on May 15 and nab a dress, or two, before they sell out fast.

Francisco Costa brings his clean-lined Calvin Klein minimalism to Macy's this month with a limited-edition capsule collection of dresses in architectural shapes and sunset hues — all inspired by his home country of Brazil.

The collection of jersey and crepe pieces — titled Francisco Costa For Calvin Klein — will be priced from $135 to $180 and is part of the retailer's "A Magical Journey to Brasil" Spring initiative. "The collection really represents Calvin Klein; its really light, its really well-made, and the price is really right." Costa told us. "It's always a challenge but very exciting to design within a different block. It's good that we can bring our collection product to a much larger audience."

Francisco Costa For Calvin Klein hits Macy's and macys.com May 15. Click through for a peek at pieces from the collection.
At left, Costa backstage at the Calvin Klein Collection Fall 2012 show; Greg Kessler