Donatella Versace announced this morning that she'll be collaborating with H&M for not one but two separate collections, one to launch on November 17 of this year, and the next to debut as a pre-spring collection that will be available on January 19, 2012. Included in the collection(s) are menswear, womenswear, and homeware, which I'm REALLY excited about! If the homeware items are anything like the luxurious duds in Donatella's home (see photos below), they'll be sure to go fast.
As for the clothes, Vogue UK says to "expect leather and colourful prints for the girls; sharp tailoring and plenty of bling for the boys."