I spent 15 years in sales & marketing having to wear a suite every day. 5 years ago I became the owner/director of my own 2 manufacturing companies.
First 3 years I wore suits but as time went on I was seeing more & more other owners dressing casually, usually jeans and a Co branded fleece. I haven’t worn a suite out on the road for 2 years now and I tend to find a more relaxed air about meetings.
I hardly ever meet a suite these days, probably due to the nature of my customer base as like me they now have to be hands on as well as office.