H&M seems to outdo itself over and over again.

About a week ago, the store announced that its Fall 2011 collaboration will be with Versace.

Donatella Versace, creative director, will take up the design reins to produce what is tipped to be an exciting lineup of leather, prints and color.

H&M says we can also expect “exuberance in exclusive materials at fantastic H&M prices.”

The collection will include lines for men, women and the home and hits U.S. stores November 19, 2011.

In addition, Donatella Versace has designed a pre-spring collection for H&M which will be exclusively available in countries with H&M online sales from January 19, 2012.

Read more for the video interview with Donatella Versace and H&M’s creative advisor Margareta van den Bosch.