Maison Margiela reimagines the classic penny loafer as a backless mule, finished with the house’s signature split-toe Tabi seam. Crafted in polished black leather, the sleek silhouette balances sharp tailoring with easy slip-on wear. A clean penny-strap vamp, low stacked heel and smooth lining keep the profile minimal while the numeric logo stamp adds a subtle nod to the brand’s codes. Pair it with cropped trousers, pleated shorts or relaxed denim for a refined yet subversive take on everyday footwear.