The bit loafer is a classic shoe that has graced the feet of WASP, bankers, and many other professionals for quite some time. The most well known brand that sells these shoes is probably Gucci; however, many other brands have their interpretation. The shoe above is an Alden model in cognac, just like the pair I own. I wear mine with my custom made blue blazer, or with one of my many Brooks Brothers sport coats and selected trouser of the day. Can one wear bit loafers with a suit? Well, for many it is a debated issue. I don't suggest wearing bit loafers everyday with suits, but I think it is okay now and then. For example, I wore my bit loafers last summer with my cream colored linen suit, light blue Brooks Brothers tab collar dress shirt, and a navy club tie with a cream stripe and hints of pink and yellow on the motif. I finished the look with a silk pink pocket square.
If I could only have three pairs of shoes (I have about 25), I would select a pair of bit loafers for my rotation. My suggestion, buy a pair, you will love them. Just be certain that you match them with well tailored clothes. Don't fall prey to the the disease that many well to do business men fall into. Many think they look good because they paid a $1,000 for a suit while simultaneously ignoring the fit. Something about the cost blinds their perception. It does not matter how stylish one's shoes or accessories are because if your clothes do not fit properly, the entire outfit is ruined. You would have been just as well to have went to the mall and bought a polyester blend suit and rubber sole shoes.