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The latest announcement is out from Tapestry ( (TPR) ).
On February 19, 2025, Tapestry, Inc. announced its agreement to sell the Stuart Weitzman brand to Caleres for $105 million in cash. This strategic move is aimed at positioning Tapestry’s brands for long-term success while allowing Caleres to expand its portfolio with a focus on global and direct-to-consumer growth, with the transaction expected to close in the summer of 2025.
More about Tapestry
Tapestry, Inc. is a global house of iconic accessories and lifestyle brands, including Coach, Kate Spade New York, and Stuart Weitzman. The company is committed to innovation and authenticity, offering distinctive products and customer experiences across various channels and geographies.
YTD Price Performance: 33.63%
Average Trading Volume: 5,190,781
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.16B
For detailed information about TPR stock, go to TipRanks’ Stock Analysis page.
