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Out for a walk with her dog, Olivia Palermo sported her Banana Republic Milly Collection black-and-white elephant print shorts (available for purchase on May 30) with a white button-front shirt and black extras.
UPDATE: Taylor is wearing a gifted pair of custom Vintage Shoe Company "Aubrey" oxfords in red suede. An oxford similar to Taylor's custom style will be available from the Vintage Shoe Company Fall 2013 collection.