Enveloping designs and knotted leather have become Loewe signatures since Jonathan Anderson's first collection for the label in 2014. This fringed cape is spun from soft wool and cashmere-blend knitted with the 'Anagram' logo - the underside features the subtle colors in reverse, so it can be worn both ways. It's trimmed with smooth top-stitched leather that threads through the belt loops for a customized drape.