Caleres to Acquire Tapestry's Stuart Weitzman Brand

Caleres to Acquire Tapestry's Stuart Weitzman Brand

Global footwear company Caleres (which owns brands including Famous Footwear, Sam Edelman and Naturalizer) will add Stuart Weitzman to its portfolio, acquiring the designer label from Tapestry Inc. for $105 million. Jay Schmidt, president and chief executive officer of Caleres, said in a statement, “I have long admired Stuart Weitzman for the brand’s pivotal role in shaping the footwear industry. As we bring this iconic brand into the Caleres portfolio, we are committed to preserving its legacy of craftsmanship, quality and fit while driving it forward.”

Tapestry, Inc. Enters Into Definitive Agreement to Sell Stuart Weitzman Brand to Caleres [press release]

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