The latest high fashion collaboration has been announced by H&M today. The big discount brand will be working with Versace on a womens, mens and home collection for Autumn/Winter 2011. The collaborative collection will hit 300 H&M stores, starting November 17th and will also be available online. In addition, Donatella Versace has also designed a pre-spring collection for H&M which will be exclusively available in countries with H&M on-line sales from January 19, 2012.

We will of course keep you posted on the collaboration. Watch the announcement video of the collaboration after the jump.