Our latest love: an ultrachic poncho finished with a snood collar that's otherworldly cozy. Our detail-obsessed designers dressed it in a handsomely heathered herringbone and added three-quarter length sleeves—perfect for pairing with long leather gloves for a sophisticated look. Viscose/wool. Cowlneck. Welt pockets. Fully lined. Hits at hip. Import. Dry clean.