I had a classmate in college who wore a very pretty poncho when the weather started to get a bit cooler. Her grandmother made it for her, but it wasn't the kind you'd be embarrassed to wear. It looked very fashionable and comfortable. So that's what comes to mind when I think of ponchos.
I especially like them because they are easy to wear (just throw them over your head, &/or slide in arms), hides everything (the arms, bilbil, puson and sometimes even thighs!) and very comfortable (like going out with your favorite blanket over your shoulders). :D During a recent dinner with friends when the subject of how tricky it is to buy clothes for someone else (our spouses) came up, someone mentioned ponchos would be the exception. One size fits most, so that's another plus :D
Back when Store for all Seasons was still open along Shaw Blvd., Mich Dulce had a cape-like top I really liked. It was lavender and beautiful. I decided not to get it because I was looking for an outfit to wear to a graduation (I think Rocky's UP Law grad) and thought it might look odd to wear it amidst all the toga. It's the one I let get away. Sigh. :-)
I wore this in Baguio last year.
And I recently got this from Collezione (sorry I really don't know how to pose.)
I also picked a cape-design christening gown for Marion and her future sibling/s. :-)
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Promod in SM Cebu (photo taken yesterday :D)
Stella McCartney Sweater Cape
Stella McCartney Striped Sweater Poncho
Topshop Hooded Poncho
JNY Double Breasted Poncho
Anna Sui Fringed silk poncho
Missoni Reversible cape