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$169

Donna Karan New York’s Waterfall Cardigan is the layer that behaves like liquid: a fine camel viscose-nylon knit whose draped collar falls in continuous cascading folds from shoulder to hem. Long sleeves, a waist-defining tie closure, and a 29-inch fluid line make it equally a coat-cardigan, a wrapped knit dress, or an open column layer. True to size. Hand wash. Imported.