Even though she said it would never happen, Donatella Versace is announcing her collaboration with H&M for a line set to hit stores this fall. Not since word that Missoni would be featured during an upcoming campaign with Target, have I been this excited!!

WWD is reporting that Donatella will contribute 20 pieces for men, 40 for women, and even home items (a first for a guest designer at the lower cost shop).

Here are some deets via The Telegraph:
The womenswear collection will be dominated by dresses featuring studded leather, silk and colorful print, with accessories including high heels and costume jewellery. The men’s collection will focus on sharp tailoring, including ‘the perfect tuxedo’, as well as belts and jewellery.

Donatella rocked one of the dresses from the upcoming line during Milan Fashion Week Menswear Spring/Summer 2012 on Monday, June 20th, 2011 in Milan, Italy. Don’t you love it?!

“I am thrilled to be collaborating with H&M and to have the opportunity of reaching their wide audience. The collection will be quintessential Versace, perfect for H&M and Versace fans everywhere,” Donatella said in a statement.”

Lines will be crazy long so be prepared to camp out or be left behind on November 17th at the 300 selected stores. It is times like these that I wish H&M had online shopping available in the U.S.