Were you wondering who would follow up Karl, Stella and Viktor & Rolf as H&M's next guest designer this fall? Wonder no more - H&M announced this morning that Rei Kawakubo will design the next capsule collection, after the mega chain opens its first store in Tokyo this November. We think this is great, because we can't imagine another scenario in which we could afford anything designed by Rei, but we're also a little worried - the collection is supposed to include clothes for both men and women (obviously), accessories (fine), children's clothing (uh), and a perfume (oof). We're already sincerely hoping that Rei doesn't just put out a bunch of belts with studs and baby shoes that look like Christian's Comme kicks (at left), and actually provides college kids across the world with the fashion-forward choices they wish they could afford. Guess we'll see which way this one goes.