*Clutches my pearls*!! Literally... The collaboration of all collaborations has been announced. Retail powerhouses Target and Neiman Marcus sent the internet into a frenzy with the announcement of their upcoming holiday collection capsule composed of some 24 CFDA designers such as Alice + Olivia, Proenza Schouler, and Oscar de la Renta, just to name a few.

How awesome is it that such a wonderfully luxe collaboration is falling around the holiday season. The collections are slated to be released December 1, 2012 in both Target and Neiman Marcus stores and on their respective websites. The capsule will contain 50 pieces with about 1 to 3 pieces from each designer. Pieces will range from men’s, women’s, and children’s apparel,to sporting goods, home décor, pet goods and electronic accessories. Excited yet?! You should be. Prices are set to range from about $7.99 to $499.9 with the average item costing around $60.

“I can think of no better finale to CFDA’s 50th Anniversary celebration than through this extraordinary designer collaboration,” said CFDA President Diane von Furstenberg. “As designers, creativity is our best gift, and with the generous support of Neiman Marcus and Target, we are happy to have created specially designed products as a thank you to share with our consumers and friends.” {luckymag}

To see a complete list of all 24 CFDA designers please visit NMdaily