This balm stripped the dye from my new Gucci loafers. Roughly $600 shoes and I mistakenly used this balm to "protect and extend" the life of my newly purchased loafers and it stripped the dye from the loafer. When buffing all I could see on the cloth was the color of the shoe being removed. Very angry and disappointed in such a low grade product. Having been a life long J&M buyer of shoes, luggage, and accessories, I will never purchase another product from this company.