Caleres announced it has signed a definitive agreement to acquire Stuart Weitzman from Tapestry (TPR), a house of iconic accessories and lifestyle brands, for $105M, subject to customary adjustments. The acquisition cements Caleres’ leadership position in women’s fashion footwear, particularly in the contemporary segment of the market. The transaction is expected to close in the summer of 2025, and Caleres will fund the acquisition through the company’s revolving credit agreement. The company will provide more details regarding its integration plans and the financial impact of the acquisition after the transaction closes.
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