From Stocktwits: 2025-02-20 03:32:17

Caleres acquires Stuart Weitzman from Tapestry for $105 million in cash, boosting its brand portfolio segment. The transaction is set to close in the summer of 2025, pending customary closing conditions. Tapestry will focus on sustaining Coach’s leadership and driving growth for Kate Spade, while Stuart Weitzman finds a new home with Caleres. Caleres’s brand portfolio segment is expected to generate almost half of its total revenue and over half of its operating profit. Tapestry’s Kate Spade and Stuart Weitzman brands have faced challenges due to softening luxury spending. Tapestry stock is up 36.5% year-to-date.



Read more at Stocktwits: Tapestry Stock In Focus After Deal To Sell Stuart Weitzman To Caleres: Retail’s Cautious