Fashion fiends are giddy over the news that Lanvin for H&M is indeed happening. Along with clothing and accessories, the collection will include lipstick when it lands in stores on Nov. 23.

This isn't the first time Lanvin has ventured into the beauty world; the French fashion house has just released its latest scent, Marry Me. But the H&M collaboration is the first time that designer Alber Elbaz will put the Lanvin name on color cosmetics. He's known for being particular about his vision — he and makeup artist Pat McGrath have parsed the details of red lipstick — and for preferring a woman to look smart over sexy. We're hoping Lanvin's limited-edition lipstick might provide a little bit of both.