the style came into popularity in the 1950s as a dressier take on the traditional penny loafer. The fringed piece of leather protected the shoe from dirt and debris—and in some cases, kept the shoe's laces from catching. Our take on the classic is built in pull-up leather from C.F. Stead, an English tannery that's been perfecting its processes since the early 1900s. It also features a stacked leather sole with a rubber dovetail heel.