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Elizabeth Olsen, Carey Mulligan and more celebrate (and shop!) Prabal Gurung's Target collection!

Cristina Gibson studied journalism at Loyola Marymount University. While completing her senior year, she landed an internship at E! as an online writer and reporter. Cristina went on to write her own daily column called Hollywood Party G...

NYFW Kicks off

New York Fashion Week is here again, and last night, the stars flocked to Prabal Gurung's Target collection launch party, which had a carnival theme and surprise performer.
Elizabeth Olsen, Prabal Gurung

If you don't live in NYC or have the budget to shop couture, we've got great news — yet another amazing designer has teamed up with Target for an exclusive collaboration just in time for Valentine's Day!

Designer Prabal Gurung, whose fashions have been worn by Jennifer Lawrence and Kate Middleton, created a beautiful, feminine line for Target that was inspired by love. Last night, fashionistas Elizabeth Olsen, Carey Mulligan, Rashida Jones and Olivia Thirlby couldn't wait to get their hands on his clothes at a carnival-themed party. The line hits Target Feb. 10 and not only is it adorable, it's also seriously affordable.

"I don't think there's anyone out there who has better reach in terms of the audience, the platform they have and the quality of product that they do at this price point, so it was pretty logical and made sense," Prabal told SheKnows about teaming up with Target. "I feel good!" he said.

Ne-Yo performing at Prabal Gurung's Target collection launch party

Indeed! During the bash, which featured a carousel, rides, games, food trucks and a pop up store to shop the collection, Prabal mingled with celebs and guests alike and was front and center during a surprise performance from Ne-Yo, who sang "Let's Go," "Let Me Love You," "Give Me Everything" and "Sexy Love."

NYFW shows officially kick off today and SheKnows will be backstage, front row and at all the parties, so check back every day for complete coverage.

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Photo credits: Neil Rasmus/BFAnyc.com
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