I have to admit that this is a very clever design. (sorry, but somehow I have a bias against anything from the Olsen sisters)
This single piece can be a classic trench coat; or, unbutton the sleeves and wear it as a dress; or, wear the sleeves piece alone as a cute jacket. Wow, talk about versatile!
Elizabeth and James Trench Coat Dress, $595 at Net-a-Porter.
Coat:
Dress:
(ooh, loving that bag - it's Mui Mui)
Jacket:
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