Particle.news
Download on the App Store
4 ARTICLES
·
2mo ago

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.

Image
Image
FILE - Headquarters of Caleres, the footwear company and retailer, is seen May 7, 2020, in Clayton, Mo. (AP Photo/Jeff Roberson, file)
Shoes are seen for sale in a Stuart Weitzman store, owned by Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. REUTERS/Andrew Kelly/File Photo

Overview

  • 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.