New Balance is putting its own spin on the luxury sneaker crossover with the reveal of its latest silhouette, the 204L—a model that unmistakably channels the minimalist, fashion-forward aesthetic of Miu Miu. After previously teaming up with the Italian house on the 530 SL sneaker and watching Miu Miu create a New Balance-inspired design for its main line, New Balance is now serving a low-slung, suede-wrapped sneaker that looks like a Miu Miu collaboration in everything but name.

The 204L is built with a slim profile and close-to-the-ground sole, putting it right in step with the flat sneaker trend expected to dominate 2025. Its layered upper, finished in soft suede, delivers a refined yet laid-back look. The styling is notably reminiscent of Miu Miu’s ultra-minimalist take on retro running shoes—a look elevated by luxe materials and a steep price tag. Miu Miu’s New Balances are often Italian-made, crafted from calfskin leather and rich suedes, and priced upwards of $1,000. They’ve even earned the stamp of approval from tennis star Coco Gauff, further cementing their status in the fashion-sportswear crossover space.

 

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By contrast, the 204L is expected to remain grounded in the accessible price range typical of general-release New Balance sneakers—likely somewhere between $100 and $200. While there’s still no word on when it will launch, what materials will be used, or what the “L” in the name stands for (possibly “low”), the silhouette has already drawn attention for its clean lines and Miu Miu-esque appeal. It’s a subtle but clever move by New Balance—mirroring the luxury look of its past collaboration without the luxury markup.

As the brand builds momentum in both lifestyle and fashion circles, the 204L could become a standout for those seeking understated style without diving into designer pricing. For now, sneaker fans and fashion followers alike are watching to see when New Balance will finally drop what many are already calling its own “Miu Mius.”