This news is a couple days late, but it's news worth sharing. After the hugely successful Lanvin for H&M collaboration, there were rumours of Tom Ford being the next one up. However, it has just been confirmed that Versace is set to collaborate with H&M for their Fall 2011 collection, ready to debut November 17, 2011 (a quick thanks to my fashion friend for notifying me!).
Image Source: H&M, Fashion Foie Gras, Stylespelledbackwards