fashionable, popular, trendy, and common all mean different things even if they are somewhat interlinked concepts.
High fashion then stands even more apart from the rest.
I kinda like this Cambridges definition[1] of fashionable more (even if isn't perfect)
> wearing clothes, doing things, and going to places that are considered stylish
There is clear difference of what is considered stylish and what is popular.
Macmillian[2] has even more poignant definition available:
> popular with rich and successful people, and often expensive
Which I might disagree on specifics, but it still carries the thought over. Fashionable is not (necessarily, or even commonly) popular with the common people, but of some sort of elite.
[1] https://dictionary.cambridge.org/dictionary/english/fashiona...
[2] https://www.macmillandictionary.com/dictionary/british/fashi...