Iconic footwear company Converse and Italian fashion label Missoni continue their collaborative partnership this year for an all-new collection of fashion-forward sneakers.

According to Nike Inc., the two major renowned brands have actually been teaming up since 2010 to create their own unique, must-have designs -- combining Converse's classic Chuck Taylor All Star base with Missoni's fun and bold, signature zigzag stripes. Now, their latest fashion project marks the ninth time working together to bring the impressive Fall 2014 premium, limited-edition collection, "celebrating craftsmanship, authenticity and collaboration at the highest level."

The N. Andover, Massachusetts-based shoe company, a wholly owned subsidiary of NIKE, announced on Thursday, July 31, that the new Capsule lineup produced with the Milan-based luxury fashion house is set to feature a total of six Chuck Taylor All Star styles, which come either in high-top or low-top design, and simple black-and-white or multicolor pattern in teal, purple and beige.

Moreover, one of the color combinations for low-top design is called Lucy Stone/Egret, which will be available to both men and women, exclusively at Nordstrom. Other options include three Missoni prints Black/Egret, Auburn/Egret and Mediterranean/Egret, also available for unisex sizing, as well as two patterns Hollyhock/Auburn and Black/Egret with a more feminine silhouette, available only for women.

The fashion duo's soon-to-be released new collection is certainly reasonably priced, ranging from $85 to $100. It will launch exclusively at Nordstrom (Nordstrom.com) on Monday, Aug. 4, before rolling out to the Converse retail stores and Converse.com on Aug. 28.