M&A Deal Summary

Tapestry Acquires Stuart Weitzman Holdings

On January 6, 2015, Tapestry acquired apparel/textiles company Stuart Weitzman Holdings from Sycamore Partners for 530M USD

Acquisition Highlights
  • This is Tapestry’s 1st transaction in the Apparel/Textiles sector.
  • This is Tapestry’s 3rd largest (disclosed) transaction.
  • This is Tapestry’s 1st transaction in the United States.
  • This is Tapestry’s 1st transaction in Florida.

M&A Deal Summary

Date 2015-01-06
Target Stuart Weitzman Holdings
Sector Apparel/Textiles
Buyer(s) Tapestry
Sellers(s) Sycamore Partners
Deal Type Add-on Acquisition
Deal Value 530M USD

Target

Stuart Weitzman Holdings

Fort Lauderdale, Florida, United States
website
Stuart Weitzman Holdings, LLC is a designer, manufacturer, wholesaler and retailer of premium women's shoes and handbags. The Company's well-recognized and highly-regarded shoe business represents more than 90% of net sales, and its shoe product lines include daily-wear, eveningwear and boots. Stuart Weitzman sells its goods through a variety of channels, including national department store chains, fashionable boutiques and the Company's own retail stores

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Buyer(S) 1

Buyer

Tapestry

New York, New York, United States

website


Category Company
Founded 1941
Sector Apparel/Textiles
Employees12,400
Revenue 6.7B USD (2022)
DESCRIPTION
Coach store in the Miller Hill Mall of Duluth, Minnesota.
Coach store in the Miller Hill Mall of Duluth, Minnesota.

Tapestry is a design house of modern luxury accessories and lifestyle collections with a heritage of pairing leathers and materials with innovative design. The Company operates through a network worldwide through Coach stores, select department stores and specialty stores. Tapestry was founded in 1941 and is based in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector (Apparel/Textiles) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Kate Spade

New York, New York, United States

Kate Spade & Company operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade New York. The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels. Jack Spade New York offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. The Company also owns Adelington Design Group, a private brand jewelry design and development group. Kate Spade & Co. was established in 1976 and is based in New York City.

Buy $2.4B

Seller(S) 1

SELLER

Sycamore Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Sycamore Partners is an opportunistic and operationally focused private equity firm that targets businesses and divisions in the consumer and retail sectors. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 1 of 8
Sector (Apparel/Textiles) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 6
Year (2015) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Coldwater Creek

Cincinnati, Ohio, United States

Coldwater Creek is a women's apparel and accessories brand that has developed a loyal customer base over its history.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Dollar Express

Chesapeake, Virginia, United States

Dollar Express is a discount general merchandise retailer currently operating over 300 stores across the US.

Buy -