Tapestry is selling Stuart Weitzman

Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105 million
Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl's footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was focused on driving growth for its organic business and had "significant runway ahead" following a derailed $8.
Why Caleres’ Acquisition Of Stuart Weitzman From Tapestry Is Win/Win For Both
Footwear expert Caleres has reached an agreement to acquire Stuart Weitzman shoe brand from Tapestry for a bargain price of $105 million. It's a win/win for both companies.
Tapestry to sell Stuart Weitzman for $105 million
Tapestry has sold Stuart Weitzman to Caleres (the group that owns Sam Edelman and Famous Footwear, along with the footwear licences for Veronica Beard and Vince) for $105 million in cash. The deal is expected to be finalised this summer, subject to closing conditions.
Tapestry is selling Stuart Weitzman to focus on Coach, Kate Spade after Capri deal falls through
The news comes just months after a federal judge blocked Tapestry’s planned $8.5 billion acquisition of Michael Kors parent Capri Holdings Ltd.
Tapestry to sell Stuart Weitzman for $105M
With the sale to Caleres, "Tapestry’s plans of being a large luxury house are not happening," according to an analyst.
Tapestry offloads Stuart Weitzman to focus on Coach and Kate Spade
Tapestry CEO Joanne Crevoiserat stated: "Stuart Weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity and craftsmanship of our organisatio
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