I think of Madrid, that sophisticated city, as having some of the traits attributed to first-born children. It’s a structured capital, a bastion of heritage, hospitable, and a bit formal. Lately, though, Madrid’s been kicking up her heels fashion-wise. Call it the Palomo effect: In the wake of the much-celebrated Córdoba-based wunderkind, Alejandro Gómez Palomo, emerging Spanish talents are choosing to present their collections in the city. Like Palomo, many have returned from abroad with a renewed appreciation and passion for Spanish traditions. Their presence on the official schedule, or on its fringes, is starting to make the city’s fashion week feel like a place where discoveries can be made...