Elizabeth and James's oatmeal-beige Fremont poncho exudes effortless sophistication. The ribbed knit is spun with touches of wool and cashmere for an ultra-soft feel and is shaped to a languid silhouette that can be drawn in at the waist by a self-fastening tie. Slip it on with white wide-leg trousers and tonal sandals adding a touch of polish with gold earrings.