Tapestry to sell Stuart Weitzman for $105 million
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.
After the sale of the Stuart Weitzman brand, it makes sense for Tapestry to focus on Coach, which has been a standout in the ...
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