For those of us who want to sweat in style and quality, R.E.W. Reynolds makes Goodyear welt cycling shoes.
The company was established in 1921 in Northampton, England and their shoes are bench-made in England by dedicated Cordwainers. 
Originally R.E.W. Reynolds was a specialist racing and touring bike business, becoming very well known for in-house built frames, many of which are still reliably racking up the miles years after they were originally built.  
As the business grew they started designing cycling shoes, The tradition continues today, alongside many of the worlds finest brands of English high end shoe brands. The uppers are made from finest European tanned leathers and the sole units used on the Classic Road and Classic Touring ranges are made to their own specifications, and incorporate features specifically designed to make the connection with the pedal as comfortable and efficient as possible.  The forepart of the sole has a high density resin panel sandwiched between the insole and the leather outer, this ensures maximum comfort for the wearer, and avoids 'push through' to the foot from the quill pedal.  The insoles incorporate a fluted steel shank, this prevents the shoe from flexing too much throughout the pedal stroke.
Just recently, R.E.W. Reynolds has released a collection of leather shoes compatible with the Shimano SPD System pedals in classic Brogue designs.