Tapestry Inc. says it has penned an agreement to sell the Stuart Weitzman brand to Caleres, a portfolio of footwear brands, for $105 million in cash
ByANNE D’INNOCENZIO AP retail writer
February 19, 2025, 10: 49 AM
NEW YORK — Tapestry Inc. says it has penned an agreement to sell the Stuart Weitzman brand to Caleres, a portfolio of footwear brands for $105 million in cash.
Tapestry said Wednesday that selling the brand would enable the fashion company to focus on sustaining the growth of Coach, while reinvigorating sales at Kate Spade. Meanwhile Caleres said that buying Stuart Weitzman would help accelerate sales, with the luxury brand being the lead label in its portfolio. It also owns such labels as Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic.
“I have long admired Stuart Weitzman for the brand’s pivot