The early report card for The Lake and Stars this season should read: “Plays well with others.”

Still flushed from all the praise that greeted their Valentine’s lingerie collection for Kate Spade, the New York indie label last week unveiled a big new collabo with Swedish mega-brand H&M.

The Lake and Stars was the first lingerie label chosen to be showcased by H&M’s …

Well, we didn’t see THIS one coming.

The Lake and Stars, the iconoclastic U.S. indie label, served up a Valentine’s Day surprise to fans of its edgy undies last week — a super-pretty five-piece capsule collection for Kate Spade New York.

And a very girly one at that: pale blush silk trimmed with bright neon pink and decorated with little pink bows.

Very …

You don’t need a PhD in Japanese cultural studies to appreciate the new lingerie collection from The Lake & Stars, but it wouldn’t hurt.

The trend-allergic New York label borrows style cues from campy Japanese cult movies, anime and video-game avatars for its Fall 2012 collection. But you won’t find any Sailor Moon outifts here: these inner-outerwear pieces look like costumes for a new …

What do the subjects in the much-discussed mother-daughter lingerie photoshoot have to say about the still-swirling controversy that has made them instantly recognizable?

We reached out to Johanna Methusalemsdottir, the Brooklyn jewelry designer who posed with her 19-year-old daughter India Menuez for the stark, three-image series promoting the fall lingerie collection from The Lake and Stars. Here’s what she told us:

“As much

Say what you will about The Lake and Stars, they sure know how to get people talking.

As we reported yesterday, the New York lingerie label’s most recent photoshoot, featuring a mother-daughter model duo, has sparked a growing controversy discussion about the appropriateness of the images, and the brand’s motives in using them.

Bloggers, journalists and hundreds of anonymous website commenters have weighed …