That’s quoted from the official announcement from the Pantone Color Institute. And, that is why you've noticed these two hues everywhere in fashion and design this year.
It started in 1963, when Pantone shook up the printing industry with their Pantone Matching System, creating a global standard for color reproduction. The tool organizes color standards through a proprietary numbering system and a palette of color chips which have become iconic to the Pantone brand. Pantone’s gamut is made up of more than 10,000 color standards, covering everything to printing, plastics, paints and pants. Makers of movie posters, action figures, wall paint and textiles use the Pantone system to ensure brand colors remain true across score of products. Even lipstick and eye shadow follow Pantone standards.