Olivia Palermo fronts Oscar de la Renta X The Outnet Collab

The Outnet just announced it will release an exclusive capsule collection by Oscar de la Renta — with Olivia Palermo set to front the campaign. "It's all about reinterpreting classic styles, so we wanted someone polished who represented the Oscar brand but that also was someone that Oscar doesn't typically use," said an Oscar de la Renta representative. The collection, set to launch on Feb. 26 at TheOutnet.com, will consist of 24 pieces, highlighting gorgeous floral and ikat printed gowns, polished separates, and ladylike dresses crafted from fabrics from Oscar's past collections. The more affordable lineup will range from $325 for a top to $1,295 USD for a silk faille gown — compared to the thousands of dollars the designer usually sells his gowns for. We can't wait to show you the collection and the new campaign featuring Olivia Palermo. For now, check out Oscar de la Renta's latest Spring '13 collection in the slideshow and get excited for what's to come.