Tapestry Sells Stuart Weitzman Brand to Caleres for $105 Million

The sale allows Tapestry to focus on its Coach and Kate Spade brands while Caleres expands its women's fashion footwear portfolio.

Tapestry has finalized an agreement to sell its Stuart Weitzman brand to Caleres for $105 million in cash, with the deal expected to close in summer 2025.
The divestment follows Tapestry's decision to prioritize its core brands, Coach and Kate Spade, after its $8.5 billion merger with Capri Holdings was terminated.
Stuart Weitzman, which has struggled with declining sales, will become a lead brand within Caleres’ portfolio, which includes Sam Edelman and Dr. Scholl’s Shoes.
Caleres plans to leverage its expertise in footwear to grow Stuart Weitzman’s global and direct-to-consumer reach while maintaining its legacy of craftsmanship and quality.
Tapestry acquired Stuart Weitzman in 2015 for $574 million but has seen the brand underperform in recent years, with a 16% year-on-year sales decline to $69.7 million in Q2 2025.