Caleres has announced the acquisition of Stuart Weitzman. According to the company announcement Caleres is a market-leading portfolio of consumer-driven footwear brands, which recently completed the acquisition of Stuart Weitzman from Tapestry, Inc. for $120.2 million. This strategic move strengthens Caleres’ position in the global footwear market by adding a prominent name in luxury footwear to its diverse brand portfolio. The company aims to leverage its expertise to return Stuart Weitzman, which generated approximately $220 million in trailing 12-month sales, to profitability. With this acquisition, Caleres’ Brand Portfolio segment is projected to represent nearly half of its total revenue.

To learn more about Caleres, visit https://caleres.com
Company LinkedIn Page: https://www.linkedin.com/company/caleres/

Company Contact:

Caleres
PO Box 29 Saint Louis, MO 63166
314-854-2500

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