The news comes just months after a federal judge blocked Tapestry’s planned $8.5 billion acquisition of Michael Kors parent Capri Holdings Ltd.

Tapestry (NYSE:TPR) on Wednesday announced the sale of its Stuart Weitzman brand to footwear company Caleres (NYSE:CAL) for $105M in cash, subject to customary adjustments. The transaction is expected to close in the summer of 2025,

Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced it has signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands,

Caleres, the parent company of the Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer, Vionic footwear brands, among others, has signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc.

Tapestry has sold Stuart Weitzman to Caleres (the group that owns Sam Edelman and Famous Footwear, along with the footwear licences for Veronica Beard and Vince) for $105 million in cash. The deal is expected to be finalised this summer, subject to closing conditions.

(Reuters) - Coach parent Tapestry will sell the Stuart Weitzman brand to Dr Scholl's footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry and Michael Kors-owner Capri abandoned their $8.5 billion merger following a legal challenge.