H&M continues to roll out covetable collaborations with top-notch designers. Their latest partner in crime: Sonia Rykiel. According to Women's Wear Daily, the Parisian designer (renowned for whimsical, dynamic designs) will create a collection of lingerie for the budget-friendly retailer that'll debut in time for the holiday season. Specifically, "The collection is to be launched Dec. 5 in 1,500 H&M stores worldwide, and also at Rykiel boutiques -- the first time a guest designer for H&M will do so. The French firm counts 44 boutiques worldwide, along with 52 shop-in-shops."

Jimmy Choo's hotly anticipated collaboration with H&M (which includes men's and women's wear as well as accessories, hitting stores November 14) has been slowly whetting budget-conscious shoppers' appetites with sporadic image leaks for weeks. While Hypebeast got a look at the men's line last week, it wasn't until yesterday that female Choo fans got a glimpse of their goods.

Crystal Renn shows off skin-deep beauty in ads for Dolce & Gabbana, H&M and Saks Fifth Avenue, and in her insightful new book, Hungry, she lets her inner beauty shine. But we wanted the full Crystal Renn experience, so we had to get to the bottom of her on-skin beauty. Luckily, she spilled her beauty bag and let us peek in.

Apparently the fashion industry is being plagued by a diffusion line epidemic: in just under a week the likes of Temperley, Rag & Bone, Grey Ant, and Thom Browne have announced that they'll launch lower-priced lines. Temperley, whose dresses can typically retail for over $1,000, is launching a lower-priced line whose price tags will start at a relative mere $57. Of Rag & Bone's new cheaper offshoot that launches this spring, The Cut says, "the rag & bone/JEAN line will include three styles of jeans in eight colorways while rag & bone/SHIRT will include seven styles, each in three colorways. The new lines wholesale for $70 to $80 while the main line wholesales for $60 to $860."

She came of age as the quietly brooding Angela Chase in TV’s cult series My So-Called Life. Now, after years spent turning Juliet on her head, romancing Steve Martin, dodging tabloid scandals and finding true love in the fine form of fiancé Hugh Dancy, Claire Danes has finally come into her own. (Check out a pair of exclusive bonus photos for this photo shoot.) On the eve of her bachelorette blow-out, the stage beauty, acting powerhouse and diehard New Yorker gets down to business—and her skivvies—while inviting Ray Rogers into the private world of America’s most grounded leading lady.

These days, front and center in the dialogue on the recession and its effect on fashion is where high fashions fits into the picture. Will the economic downturn wipe out the luxury market for good, or merely sour its sales temporarily? According the findings of an Abrams Institute survey released yesterday on the subject, luxury fashion is here to stay. "A whopping 96% of respondents said that they thought the luxury goods market would endure the recession. 36.8% thought a 'stronger, smaller core' would make it, and 34.9% were confident that the aspirational noveau riche would keep business brisk. Only 4% thought that the recession had killed conspicuous consumption." As for the quality that will most ensure luxury brands' staying power: timelesness (which seems like somewhat circular logic).