Penélope Cruz attends the red carpet for “Ferrari” during the 61st New York Film Festival in New York City

Penelope Cruz's affinity for Chanel dates back to the late '90s, when she attended her first show. Her relationship with the luxury brand has only grown stronger over the years, culminating in her becoming a brand ambassador in 2018.

Her commitment to the brand was unmistakable at the "Ferrari" premiere at the New York Film Festival, where the Spanish actress graced the event in a stunning red and white floral print dress from Chanel's fall 2023 collection, designed by Virginie Viard, Karl Lagerfeld's successor.

Penélope Cruz attends the red carpet for “Ferrari” during the 61st New York Film Festival in New York City

Cruz paired her ensemble with sophisticated black satin platform pumps, boasting a classic peep-toe design, an ankle strap fastening, and delicate crystal micro studs adorning the platform's edge.

The floor-length sleeveless dress, adorned with frilly white trim along the arms, had previously made a statement on the Paris runway during Chanel's show in March. The ensemble was originally showcased with a bright red knit catsuit and black patent leather boots reaching just below the knee.

Enhancing her elegant and whimsical look, Cruz accessorized with gold, pearl-embellished Chanel earrings and a sleek black clutch bag. For the "Ferrari" press conference, she effortlessly transitioned into a denim ensemble, pairing it with stylish black patent leather slip-on sandals, also from Chanel.