Agree with your take; I found most of her outfits this go-round a bit like that.
This shot is from NYCFW; I don't know if she's in London or not...
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Fashion: Don’t you recognize me? Death: You should know that I don’t see very well and I can’t wear glasses. Fashion: I’m Fashion, your sister. Death: My sister? Fashion: Yes. You and I together keep undoing and changing things down here on earth although you go about it in one way and I another. Giacomo Leopardi, “Dialogue Between Fashion and Death.”abridged