Iconic designer Karl Lagerfeld has joined forces with Australian beauty company ModelCo, with the duo to launch a limited-edition colour cosmetics collection in 2018.

Lagerfeld, who is also creative director of French fashion house Chanel, will lend his artistic aesthetic to the collaboration, which has been dubbed "Illuminated Beauty".

German fashion designer Karl Lagerfeld - Photo: © Patrick Kovarik / AFP

According to press reports, the Karl Lagerfeld + ModelCo collection will be available worldwide in Karl Lagerfeld stores and ModelCo’s premium distribution network, in addition to their respective web sites and leading beauty retailers.

The partnership follows several other high-profile collaborations previously spearheaded by ModelCo, with previous celebrity ambassadors such as Elle Macpherson, Rosie Huntington-Whiteley and Hailey Baldwin.