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Mary-Kate and Ashley Olsen, Johnny Depp Honored for Their Contributions to Fashion!

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Ashley Olsen, Mary-Kate Olsen
Ashley Olsen, Mary-Kate Olsen Andrew H. Walker//Getty Images

From homeless chic to boho to granny garb,  Mary-Kate and Ashley Olsen get a lot of flack for their outrageous style, but it looks like they could be getting the last laugh now.

The child stars turned fashion designers have been nominated for Womenswear Designers of the Year—for their high-end collection the Row—by the Council of Fashion Designers of America.

Take that, haters!

PHOTOS: Fashion Spotlight: Mary-Kate Olsen

Up against the 25-year-old twin minimoguls are fashion darling Marc Jacobs and Proenza Schouler designers Jack McCollough and Lazaro Hernandez.

"This year's nominees truly represent the important influence of American design," the CFDA said in a statement.

PHOTOS: Fashion Spotlight: Ashley Olsen

Mary-Kate and Ashley aren't the only Hollywood notables on the CFDA's list.

Johnny Depp is being honored with the Fashion Icon Award. He's the first male to ever receive the award for "his personal and eclectic sense of style."

Winners will be announced June 4 at Lincoln Center in NYC. Are you pulling for the Olsens?

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PHOTOS: Fashion Police

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