The pair later partied with friend and model Hailey Baldwin on a yacht.
By Annie Martin
1 of 4 | Bella Hadid attends the Cannes International Film Festival screening of "Les Fantomes d'Ismael (Ismael's Ghosts)" on Wednesday. Photo by David Silpa/UPI | License Photo
The 20-year-old model and 25-year-old actress risked wardrobe malfunctions in high-slit dresses while attending the 2017 Cannes International Film Festival screening of Ismael's Ghosts in Cannes, France.
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Hadid stunned in a pink Alexandre Vauthier gown and a Bulgari statement necklace. She unintentionally flashed her underwear while posing for photos and while greeting actress Susan Sarandon, according to AOL.
Ratajkowski also turned heads in a similar Twin Set by Simona Barbieri dress and Bulgari necklace. She and Hadid were all smiles after running into each other on the red carpet, and reunited for a photo after the event.
Hadid and Ratajkowski later slipped into comfortable crop tops and jeans for an after-party on a yacht. The pair were joined by friend and model Hailey Baldwin, as seen in a video Ratajkowski posted of the trio dancing.
"She loves me @bellahadid @haileybaldwin," the actress captioned the clip, which shows Hadid playfully cupping her breasts.
Hadid and Ratajkowski are close friends who enjoyed a girls trip to the Bahamas in December. Hadid is known for her modeling work with Chanel and Balmain, while Ratajkowski came to fame after starring in Robin Thicke's "Blurred Lines" music video.