We don't see Penélope Cruz at public events very often, but after glimpsing the ensemble she wore for a Wednesday outing in Milan, we are sad. Because she brought out a killer outfit that combined not one — or two — but three major trends of the moment, we want to see Penélope's style more frequently. As for the three trends, Penélope mixed stripes, a chic hat, and a pair of over-the-knee boots. Penélope's boots, in a very of-the-moment style, are Isabel Marant's Becky Boots [1], which retail for $2,370 — read on for similar styles ahead.

The event that brought Penélope to Italy was the launch of her capsule collection with Carpisa [2], an Italian fast-fashion brand. Penélope and her sister Monica, who have collaborated with brands like Agent Provocateur and Mango in the past, just released a line of bags and luggage for Carpisa [3]. There's a lot to look forward to from Penélope, actually, since she's also got a role in the upcoming Zoolander 2 [4] film.