Footwear expert Caleres has reached an agreement to acquire Stuart Weitzman shoe brand from Tapestry for a bargain price of ...
Global fashion house Tapestry has agreed to sell its luxury footwear brand, Stuart Weitzman, to Caleres in $105m cash deal.
TPR is selling Stuart Weitzman to Caleres, focusing on Coach and Kate Spade while ensuring the brand's growth under new leadership.
Caleres shares rose in February following a surprising acquisition deal after recent guidance cuts and tough market conditions. Learn more about CAL stock here.
Tapestry is selling off Stuart Weitzman to Famous Footwear and Sam Edelman parent Caleres for $105 million in cash.
With the sale to Caleres, "Tapestry’s plans of being a large luxury house are not happening," according to an analyst.
Shares of Tapestry Inc. slipped 0.3% in after-hours trading on Wednesday after the company’s announcement that it plans to ...
In a luxury shake-up, Tapestry divests high-end shoe company for $105m in cash to focus on Coach and Kate Spade brands ...
G lobal footwear company Caleres (which owns brands including Famous Footwear, Sam Edelman and Naturalizer) will add Stuart ...