Never has the old adage ‘If it ain’t broke, don’t fix it’ been truer than in the case of the penny loafer. The go-to of old-school Hollywood icons including Audrey Hepburn and Grace Kelly, this chic slip-on is still worn today by arbiters of taste including Kate Moss, Alexa Chung and Eva Chen. As an eternal classic, the allure of the penny loafer lies in its versatility – it adds an elegant flourish to everything from oversized tailoring and blue jeans to frothy dresses. It has long been a signature of heritage house Tod’s – the Italian label lauded for its expert shoemaking – and, this season, contemporary designers have also turned their attention to this perennial favorite. Cult New York-based brand Khaite debuted suitably understated versions, while Porte & Paire opted for a timeless mock-croc effect, putting a subtly sexy twist on the traditional preppy design. Whether you’re drawn to quintessential styles or something more unexpected, your loafers are sure to be on heavy rotation for seasons to come.