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Stock impact report

Caleres Announces Definitive Agreement to Acquire Stuart Weitzman from Tapestry [Yahoo! Finance]

Caleres, Inc. (CAL) 
Last caleres, inc. earnings: 3/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.caleres.com
Company Research Source: Yahoo! Finance
ST. LOUIS, February 19, 2025 BUSINESS WIRE )--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, for $105 million, subject to customary adjustments. The acquisition cements Caleres' leadership position in women's fashion footwear, particularly in the contemporary segment of the market. "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," said Jay Schmidt, President and CEO of Caleres. "The acquisition of Stuart Weitzman advances our strategic agenda to grow our Brand Portfolio segment with more global and direct-to-consumer reach. Stuart Weitzman will be a lead brand for Caleres, and Show less Read more
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