Hayden Panettiere, Paris and Nicky Hilton at the Jimmy Choo for H&M launch party.

Hayden Panettiere (left), Paris and Nicky Hilton (right) walk the red carpet at Jimmy Choo for H&M's launch party last night. Photos courtesy of H&M

Last night's Jimmy Choo for H&M launch party was one star-studded (and high-heeled) event.

Jimmy Choo's founder and president Tamara Mellon hosted the fête along with Jeffrey Katzenberg to support The Motion Picture & Television Fund at a private residence in the Hollywood Hills.

While the collaboration won't hit stores until Nov. 14, lucky guests including Hayden Panettiere, Kate Walsh, Olivia Wilde, Angela Lindvall, Sheryl Crow and Maggie Grace all got an up close and personal preview of the highly anticipated capsule collection.

In addition to Mellon's famous heels and women's accessories at wallet-friendly prices, she also designed women's apparel and for the first time ever, a collection for men, which includes shoes, bags, accessories and clothing.
Tamara Mellon and MIA at the Jimmy Choo for H&M launch party.

Jimmy Choo's president and founder Tamara Mellon (left) parties with performer of the night M.I.A. (right). Photo courtesy of H&M

Panetierre rocked a leather look from the yet-to-be-released collection, cooing, "I am in love with these pants!"

As it turns out, the "Heroes" actress is also quite the budget shopper: "I do my shopping sprees at H&M. I was recently in Italy and instead of going to other stores, I went to H&M."

Paris Hilton walked the red carpet with sis Nicky opting for a black jumpsuit and pink plastic box clutch, both from the line, while performer of the evening M.I.A. paired her floaty "shark" tunic with Jimmy Choo for H&M's sexy thigh-high boots.

With such a celeb turnout, Mellon was in an LA state of mind: "The Jimmy Choo for H&M collection embodies the attitude and spirit of laid back party glamour," said the stiletto maven. "Los Angeles is the perfect setting to launch the collection."

While celebs have first crack at the much-awaited collaboration, StyleList has a sneak peek of the designer meets mass retailer collaboration.