Get ready fashion fiends, Versace is designing for H&M and the collection is due out this fall! In the past, Donatella Versace has been a bit wary of designing for street fashion but is now looking forward to designing her "Iconic Collection."

Donatella's "Iconic Collection" will raid the fashions of Versace's past so we're expecting a lot of colorful prints, studs, leather, and perfect tailoring. We really love how H&M is collaborating with high end designers, it makes fashion so much more accessible. Last fall, we were gifted with Lanvin for H&M, which sold out in a matter of minutes! We're sure that Donatella is hoping for similar results for her collection and we'll be the first in line!Versace will launch a men, women, and homeware line, which will go on sale on November 17 and a pre-spring collection will be available online starting January 19, 2012.

Are you guys as excited as we are? (vogue.uk)