{"id":870091,"date":"2025-08-04T12:47:37","date_gmt":"2025-08-04T16:47:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tapestry-inc-completes-sale-of-stuart-weitzman-brand-to-caleres\/"},"modified":"2025-08-04T12:47:37","modified_gmt":"2025-08-04T16:47:37","slug":"tapestry-inc-completes-sale-of-stuart-weitzman-brand-to-caleres","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tapestry-inc-completes-sale-of-stuart-weitzman-brand-to-caleres\/","title":{"rendered":"Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced it has successfully closed the previously announced sale of the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands.<\/p>\n<p><b><span class=\"bwuline\">Advisors<br \/>\n<br \/><\/span><\/b>Morgan Stanley &amp; Co. LLC served as Tapestry, Inc.\u2019s financial advisor and Latham &amp; Watkins LLP was its legal advisor. BofA Securities served as Caleres\u2019s financial advisor and BCLP (Bryan Cave Leighton Paisner) was its legal advisor.<\/p>\n<p><b><span class=\"bwuline\">About Tapestry, Inc.<br \/>\n<br \/><\/span><\/b>Our global house of brands unites the magic of Coach and kate spade new york. Each of our brands are unique and independent, while sharing a commitment to innovation and authenticity defined by distinctive products and differentiated customer experiences across channels and geographies. We use our collective strengths to move our customers and empower our communities, to make the fashion industry more sustainable, and to harness the power of a culture of inclusion and belonging. Individually, our brands are iconic. Together, we can stretch what\u2019s possible. To learn more about Tapestry, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tapestry.com%2F&amp;esheet=54302004&amp;newsitemid=20250803174181&amp;lan=en-US&amp;anchor=www.tapestry.com&amp;index=1&amp;md5=7d4896557b796caddc5a99fc46e357df\">www.tapestry.com<\/a>. For important news and information regarding Tapestry, visit the Investor Relations section of our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.tapestry.com%2Finvestors&amp;esheet=54302004&amp;newsitemid=20250803174181&amp;lan=en-US&amp;anchor=www.tapestry.com%2Finvestors&amp;index=2&amp;md5=8588339dee7bf817f03b3092cf8d95bc\">www.tapestry.com\/investors<\/a>. In addition, investors should continue to review our news releases and filings with the SEC. We use each of these channels of distribution as primary channels for publishing key information to our investors, some of which may contain material and previously non-public information. The Company\u2019s common stock is traded on the New York Stock Exchange under the symbol TPR.<\/p>\n<p><b><span class=\"bwuline\">About Stuart Weitzman<br \/>\n<br \/><\/span><\/b>Since 1986, New York City-based global luxury footwear brand Stuart Weitzman has combined its signature artisanal craftsmanship and precise engineering to empower women to stand strong. Having perfected the art of shoemaking for over 35 years, the brand continues to expand its assortment to feature handbags and men\u2019s footwear, all the while staying true to its ethos of inspiring strength and confidence with every step.<\/p>\n<p><b><span class=\"bwuline\">About Caleres<br \/>\n<br \/><\/span><\/b>Caleres is a market-leading portfolio of global footwear brands that includes Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer, Vionic, and more. Our products are available virtually everywhere &#8211; in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our 15 branded e-commerce sites, and on many additional third-party retail websites. Combined, these brands make Caleres a company with both a legacy and a mission. Our legacy is our more than 140 years of craftsmanship and our passion for fit, while our mission is to continue to inspire people to feel great\u2026 feet first. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.caleres.com&amp;esheet=54302004&amp;newsitemid=20250803174181&amp;lan=en-US&amp;anchor=caleres.com&amp;index=3&amp;md5=4c7d342be2c1cba267e16084d9b23c35\">caleres.com<\/a> to learn more about us.<\/p>\n<p><i>This Press Release may contain forward-looking statements based on management\u2019s current expectations. Forward-looking statements include, but are not limited to, statements regarding the Company\u2019s capital deployment plans, including anticipated share repurchase plans, and statements that can be identified by the use of forward-looking terminology such as \u201cmay,\u201d \u201ccan,\u201d \u201cif,\u201d \u201ccontinue,\u201d \u201cassume,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cconfidence,\u201d \u201cgoals,\u201d \u201ctrends,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201con track,\u201d \u201cfuture,\u201d \u201cplan,\u201d \u201cdeliver,\u201d \u201cpotential,\u201d \u201cposition,\u201d \u201cbelieve,\u201d \u201cwill,\u201d \u201ctarget,\u201d \u201cguidance,\u201d \u201cforecast,\u201d \u201coutlook,\u201d \u201ccommit,\u201d \u201cleverage,\u201d \u201cgenerate,\u201d \u201cenhance,\u201d \u201cinnovation,\u201d \u201cdrive,\u201d \u201ceffort,\u201d \u201cprogress,\u201d \u201cconfident,\u201d \u201cuncertain,\u201d \u201cachieve,\u201d \u201cstrategic,\u201d \u201cgrowth,\u201d \u201cwe can stretch what\u2019s possible,\u201d similar expressions, and variations or negatives of these words. Future results may differ materially from management\u2019s current expectations, based upon a number of important factors, including risks and uncertainties such as the effect of the announcement of the announced transaction to sell the Stuart Weitzman business on the ability of the Company to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom the Company or the Stuart Weitzman business do business, or on the Company\u2019s or the Stuart Weitzman business\u2019s operating results and business generally; risks that the transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the transaction; the outcome of any legal proceedings related to the transaction; the ability of the parties to consummate the transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the Transaction; business disruption following the Transaction, the impact of economic conditions, recession and inflationary measures, risks associated with operating in international markets and our global sourcing activities, the ability to anticipate consumer preferences and retain the value of our brands, including our ability to execute on our e-commerce and digital strategies, the impact of tax and other legislation, the risks associated with potential changes to international trade agreements and the imposition of additional duties on importing our products, the ability to successfully implement the initiatives under our 2025 growth strategy, the effect of existing and new competition in the marketplace, the effect of seasonal and quarterly fluctuations on our sales or operating results, the risk of cybersecurity threats and privacy or data security breaches, our ability to satisfy our outstanding debt obligations or incur additional indebtedness, the risks associated with climate change and other corporate responsibility issues, our ability to protect against infringement of our trademarks and other proprietary rights, and the impact of pending and potential future legal proceedings, etc. In addition, purchases of shares of the Company\u2019s common stock will be made subject to market conditions and at prevailing market prices. Please refer to the Company\u2019s latest Annual Report on Form 10-K, latest Quarterly Report on Form 10-Q and its other filings with the Securities and Exchange Commission for a complete list of risks and important factors. The Company assumes no obligation to revise or update any such forward-looking statements for any reason, except as required by law.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250803174181r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250803174181\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250803174181\/en\/<\/a><\/span><\/p>\n<p><b>Tapestry, Inc.<br \/>\n<\/b><br \/><i>Analysts and Investors:<br \/>\n<\/i><br \/>Christina Colone<br \/>\n<br \/>Global Head of Investor Relations<br \/>\n<br \/>212\/946-7252<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ccolone@tapestry.com\">ccolone@tapestry.com<\/a><\/p>\n<p><i>Media:<br \/>\n<\/i><br \/>Jennifer Leemann<br \/>\n<br \/>Global Head of Communications<br \/>\n<br \/>212\/631-2797<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jleemann@tapestry.com\">jleemann@tapestry.com<\/a><\/p>\n<p><b>Caleres<br \/>\n<\/b><br \/><i>Analysts and Investors:<br \/>\n<\/i><br \/>Liz Dunn<br \/>\n<br \/>SVP Corporate Development and Strategic Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ldunn@caleres.com\">ldunn@caleres.com<\/a><\/p>\n<p><i>Media:<br \/>\n<\/i><br \/>Kelly Malone<br \/>\n<br \/>VP Corporate Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kmalone@caleres.com\">kmalone@caleres.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Footwear Specialty Fashion<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250803174181\/en\/2385740\/3\/Tapestry_Logo_Black_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres NEW YORK&#8211;(BUSINESS WIRE)&#8211; Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced it has successfully closed the previously announced sale of the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands. Advisors Morgan Stanley &amp; Co. LLC served as Tapestry, Inc.\u2019s financial advisor and Latham &amp; Watkins LLP was its legal advisor. BofA Securities served as Caleres\u2019s financial advisor and BCLP (Bryan Cave Leighton Paisner) was its legal advisor. About Tapestry, Inc. Our global house of brands unites the magic of Coach and kate spade new york. Each of our brands are unique and independent, while sharing a commitment to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tapestry-inc-completes-sale-of-stuart-weitzman-brand-to-caleres\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-870091","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tapestry-inc-completes-sale-of-stuart-weitzman-brand-to-caleres\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres NEW YORK&#8211;(BUSINESS WIRE)&#8211; Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced it has successfully closed the previously announced sale of the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands. Advisors Morgan Stanley &amp; Co. LLC served as Tapestry, Inc.\u2019s financial advisor and Latham &amp; Watkins LLP was its legal advisor. BofA Securities served as Caleres\u2019s financial advisor and BCLP (Bryan Cave Leighton Paisner) was its legal advisor. About Tapestry, Inc. Our global house of brands unites the magic of Coach and kate spade new york. Each of our brands are unique and independent, while sharing a commitment to &hellip; Continue reading &quot;Tapestry, Inc. 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