From the seller:
Stunning vintage designer dress from Italy, dating from the 1920s-- possibly earlier. Composed of a soft pale canary yellow cotton linen, this dress features elegant embroidery and cutwork down the front, and along the bottom front of the skirt. Lovely, ornate European design. Unusual and eye catching cut at waist. Eyelet lace trim along collar and cuffs of short sleeves. Tag inside neck reads:
EMBROIDERIES LORELLE FOSSI VIA GUICCIARDINI, 10 FIRENZE
Good vintage condition with flaws as noted and photographed. Torn at neck down front as photographer. Some spots, staining throughout as photographed. Loose threads, expected vintage wear etc. Please see photos for condition and details and message with any questions.
Probably very late 1920's if not very early 1930's. The catalog photo below is from 1929. The khaki and green dress has similar lines to this one.