Fortunately, if you use discretion in coordinating your outfit, your business formal suit doesn't have to be stagnant and boring. Work with colors that are modest but still eye-catching, like this light-blue tie that matches a checkered shirt. It adds a touch of urban sophistication without sacrificing professionalism.
Finally, a grey suit coat and pants still lends to a formal look, yet is more modern than the dreary black suit.
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