The horsebit loafer also has a decorative piece on the vamp, but it’s a metal buckle (that doesn’t actually buckle anything) instead of fringe; this is one of the more formal styles of loafers ...

And the Ugg Ambush Loafer, which retails for $225, is a penny loafer silhouette finished with metal and sheepskin detailing. Available in burgundy and black, the style features a slide-on back for ...