H&M and Versace collaborate on the latest collection

Jacket, pants, Versace for H&M

Silk bustier, trousers, Versace for H&M

Silk dress, bracelets, purse, Versace for H&M

Silk blouse, silk skirt, leather jacket, Versace for H&M

The Italian label Versace started out as a dream but quickly became a reality when Gianni Versace opened his first boutique in 1978. It instantly became a success and today, it is one of the world's leading fashion houses with Donatella Versace at the helm as creative director. Fast-fashion pioneer, H&M has also had tremendous success with its brand, and with its growing roster of seasoned guest designers such as Madonna, Lanvin, Jimmy Choo and Roberto Cavalli, and now Italian label Versace.

Last night, in NYC, the two fashion powerhouses celebrated the upcoming launch of their collaboration by holding a celeb-studded fashion show. The designers went to the archives to find Versace's most popular looks. In true Versace style, th limited collection is full of bright colours, unique cuts and eye-popping prints adorned with gold studs and zippers.

Some highlights from the collection include: a leather women's jacket lined with gold zippers and buttons ($299), a yellow silk dress embodied with gold studs ($199), bold printed pants, and the men's patterned jacket ($149).

The line will be available as of  November 19, online and in 300 stores across North America. For more information, visit H&M.