There's a running joke that people join the fashion industry because they can't cope with corporate dress codes. Well, the laugh is on us this season. Menswear-inspired suiting and outerwear are key looks—and the smartest way to carry the minimalist trend forward. Celine's Phoebe Philo made a convincing argument for cropped, ankle-flaring trousers, and even Alexander Wang did a tailored wool jacket, albeit with an exposed midriff that might get you canned on Wall Street.

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