Tapestry: agreement to sell Stuart Weitzman

(CercleFinance.com) - Tapestry announces that it has reached a definitive agreement to sell its Stuart Weitzman footwear brand to Caleres, for $105 million in cash, subject to customary closing adjustments.


'Importantly, this transaction ensures that all our brands are positioned for long-term success and that we maintain a strong focus on our greatest value-creating opportunities', explains CEO Joanne Crevoiserat.

The New York-based fashion group, which also owns the Coach and Kate Spade brands, expects the transaction to close in the summer of 2025, subject to customary closing conditions.

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