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Thakoon, Kohl's

Dimitrios Kambouris/Getty Images

If you've been caught up in the Lilly Pulitzer for Target craze this past 24-hours you may have missed the news of another budget-friendly designer collaboration.

Kohl's announced on Monday that Thakoon will populate its seventh DesigNation installment, the brand's limited edition capsule collection. Inspired by the pulse of London, Thakoon Panichgul is bringing Kohl's shopper a European city-chic line of everyday wear.

"We are excited to bring Thakoon to our customers this fall to enhance our women's apparel offerings with innovative designs, great quality and great value,"  Nancy Feldman, Kohl's executive vice president of women's apparel, said via press release. "DesigNation is built to inspire our customers with designs shaped by some of the world's most popular destinations, and Thakoon Panichgul is the perfect person to bring London to life as he is known for showcasing distinct, global influences through his collections."

Emma Stone, MET Gala

Julian Mackler/BFAnyc/Sipa USA

You may recall Thakoon for his triumphs on the red carpet, à la Anna Kendrick at the 2015 Oscars or Taylor Schilling at the 2013 Emmys. And no one could forget the magic that was Emma Stone's two-tone pink Thakoon crop top from the 2014 Met Gala. And while these red carpet editions might've fetched a pricy sum, Kohl's shoppers will enjoy Thakoon's Kohl's duds for much less, with all items ringing in at less than $200.

Thakoon joins the likes of Peter Som, Elie Saab and Derek Lam, all of which have created DesigNation collections in the past. Most recently, Milly by Michelle Smith debuted an enviable capsule collection with the line, and already boasts Jaime King as a fashion fan.

With A-list designer garbs at Kohl's wallet-friendly prices, these DesigNation capsule collections are definitely an indulgence we could get used to. Be on the lookout for Thakoon's Kohl's collection, coming fall 2015.