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Caleres Acquires Stuart Weitzman for $105M to Expand Footwear Leadership

Author

Slice of Retail Team
February 26, 2025

Key Highlights:

  • Caleres has signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. for $105 million.

  • The acquisition reinforces Caleres’ position in women’s fashion footwear, especially in the contemporary market.

  • Stuart Weitzman will become a lead brand within Caleres’ Brand Portfolio segment.

  • Caleres will fund the acquisition through its revolving credit agreement, with closure expected in summer 2025.

  • BofA Securities and Bryan Cave Leighton Paisner LLP are advising Caleres, while Morgan Stanley & Co. LLC and Latham & Watkins LLP are advising Tapestry.

Source: Business Wire

Notable Quotes:

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"I have long admired Stuart Weitzman for the brand’s pivotal role in shaping the footwear industry. As we bring this iconic brand into the Caleres portfolio, we are committed to preserving its legacy of craftsmanship, quality, and fit while driving it forward."

Jay Schmidt, President & CEO at Caleres
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"Stuart Weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity, and craftsmanship of our organization over the last decade. At the same time, we are pleased that we found Stuart Weitzman a home in Caleres – an ideal owner to guide its next chapter of growth."

Joanne Crevoiserat, CEO at Tapestry, Inc

Why This Matters:

This acquisition is a strategic move for Caleres, positioning Stuart Weitzman as a key growth driver within its portfolio. The deal significantly expands Caleres' global and direct-to-consumer reach while reinforcing its commitment to craftsmanship and fit in the luxury footwear sector. For Tapestry, this transaction sharpens its focus on Coach and Kate Spade, ensuring sustained long-term growth.