Tapestry Sells Stuart Weitzman To Caleres For $105 Million
Stuart Weitzman will be sold to Caleres by parent company Tapestry—which also owns Coach and Kate Spade New York—for $105 million, according to Business of Fashion. Weitzman will join Caleres’ roster of footwear brands, which includes Sam Edelman, Franco Sarto, Allen Edmonds, Dr. Scholl’s, Veronica Beard, Vince, Naturalizer, LifeStride, Famous Footwear, Blowfish Malibu, Vionic, and Rykä. The ownership swap follows 2024’s blocked merger between Tapestry and Capri Holdings, which the Federal Trade Commission sued on the basis of reduced market competition. It also arrives on the heels of Weitzman’s recent starry campaigns, featuring Issa Rae, Mark Consuelos, Christy Turlington Burns,
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