This hat is beautifully made with a soft, matte leather (not suede). It fits perfectly and the steel spring hoop at the top ensures it will keep its shape, even though it is folded down to fit in the accompanying bag. I admit, I am reluctant to try folding it since I have a Barmah 1022CP crocodile squashy top which does not have the steel hoop and it looks squashed most of the time. Some people prefer the squashed look, but I prefer the perfect profile of this new one.