Pleated is the name of two different collections of Torchlight II armor.

Style 1

Individual pieces come in common or enchanted quality and have an item level of around 42+ and a level requirement of around 37+.

Style 2

Individual pieces come in common or enchanted quality and have an item level of around 54+ and a level requirement of around 48+.

This style looks identical to Fine-Thread, Formal, Padded and Woven armor.