Versace For H&M Debuts With Runway Show, Celebs Galore (PHOTOS, VIDEO)

It's finally here!

After rumors, leaked photos and much anticipation amongst fashion folks, the Versace for H&M collaboration finally arrived last night with a grand entrance. Inviting top celebs and fashion bigwigs, Donatella Versace staged a runway extravaganza to reveal her new collection, her first for the Swedish mega-retailer.

As was to be expected, Donatella never does anything small. The show, held in the giant Pier 57 on the Hudson River that was temporarily christened "Versace for H&M Hall on the Hudson" (for real), featured the glitzy looks from the previously-released lookbook.

All eyes, however, were on the star-studded front row (hello, Blake Lively and Linda Evangelista!) filled with celebs, many of whom -- Emma Roberts, Selma Blair, Jessica Alba-- arrived wearing the Versace for H&M looks already. Blake, of course, opted for high fashion in Versace Resort 2012.

After the show wrapped, the real show began as Nicki Minaj and Prince performed for the glittery crowd.

Check out who was at the show, who partied afterwards... oh, and the actual clothes that walked the runway, now available online.