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Banana Republic has gone mod with Mad Men and 19th-century with Anna Karenina for its collaborations—and now it’s getting some modern preppy inspiration from Milly! The retailer announced today that they teamed up with Milly designer Michelle Smith for a capsule collection set to hit stores this summer. Inspired by the easy-breezy lifestyle of the Hamptons, the lineup contains 46 pieces for women and 16 items for men (this also counts as Smith’s first-ever foray into menswear design). The items feature six of Milly’s classic prints, as well as one never-before-seen pattern created just for the collection. The women’s offerings include woven colorblock maxi dresses, embroidered mini-skirts, and patterned shorts—ranging in price from $45 to $175—in summer colors like lime, coral, and navy, as well as accessories like jewelry, handbags, and lightweight scarves, which range from $39.50 to $130. Menswear runs from $25 to $65. The line will be available in May 2013, both online and in stores.

Plus, see Banana’s Anna Karenina collection!

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Olympic gold medalist slash budding fashion designer Ryan Lochte seemed thoroughly impressed by the designs as he sat front row at the Milly Spring/Summer 2013 show this afternoon at New York Fashion Week. And he’s not the only one! In July Modern Family star and InStyle cover girl Sofia Vergara stepped out in New York in the lovely yellow Josephine dress from the brand. “She’s a knock out!” Milly designer Michelle Smith told InStyle.com today at the show. “That was really exciting to see her in one of my dresses.” And here’s an extra bit of exciting news: the dress is now on sale! It’s $134 on Neiman Marcus’ cusp.com right now. Hooray! Happy shopping.

Plus, see more stars in Milly!

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Milly designer Michelle Smith recently opened her first U.S. store in New York—a celebration in itself—and even more exciting, it features an in-store bridal boutique for those who want to wear the label for their wedding (and especially all of the rehearsal dinners, showers, and events leading up to it). Brides-to-be will find 12 limited-edition styles at the store, from short reception-ready dresses to long wedding gowns hand-crafted from silk, satin, lace, and sateen. “The girl who comes to me is looking for something that you won’t find anywhere else,” Smith told InStyle.com. “With larger companies, a dress becomes very common and recognizable. Here, you’re looking at a dress that might be one of a kind, and girls like the exclusivity.”

VISIT THE BOUTIQUE: Each dress is custom-made and cut to order. Shorter styles start at $365; gowns fall in the $1,000-plus range. To book an appointment with Michelle Smith or one of her consultants, call 212-395-9100. Visit the boutique at 900 Madison Avenue, at 73rd St.

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