Few coats are as investment-worthy as a Max Mara wrap coat. This camel piece, complete with oversized lapels and a removable waist tie, is a style you'll sport for decades to come.

a camel coat and a red suit. Legend explains the brand name this way: The “Mara” comes from Maramotti and the “Max” from a fun-loving local roué in the town of Reggio Emilia—still the ...