M&A Deal Summary

Caleres Acquires Stuart Weitzman

On February 19, 2025, Caleres acquired apparel/textiles company Stuart Weitzman from Tapestry for 105M USD

Acquisition Highlights
  • This is Caleres’ 8th transaction in the Apparel/Textiles sector.
  • This is Caleres’ 6th largest (disclosed) transaction.
  • This is Caleres’ 8th transaction in the United States.
  • This is Caleres’ 2nd transaction in New York.

M&A Deal Summary

Date 2025-02-19
Target Stuart Weitzman
Sector Apparel/Textiles
Buyer(s) Caleres
Sellers(s) Tapestry
Deal Type Divestiture
Deal Value 105M USD

Target

Stuart Weitzman

New York, New York, United States
Stuart Weitzman is a designer, manufacturer, wholesaler and retailer of premium women's shoes and handbags. Its shoe product lines include daily-wear, eveningwear and boots. The company sells its goods through a variety of channels, including national department store chains, fashionable boutiques and the Company's own retail stores. Stuart Weitzman is based in New York, New York.

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Buyer(S) 1

Buyer

Caleres

St. Louis, Missouri, United States

Category Company
Founded 1878
Sector Retail
Employees5,100
Revenue 2.8B USD (2024)
DESCRIPTION

Caleres originally founded as Brown Shoe Company, Inc., is a global footwear retailer and wholesale. Caleres operates retail shoe stores and e-commerce websites as well as designs, sources and markets footwear for women and men. Caleres was incorporated in 1878 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 8 of 8
Sector (Apparel/Textiles) 8 of 8
Type (Divestiture) 2 of 2
State (New York) 2 of 2
Country (United States) 8 of 8
Year (2025) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Dr. Scholl s Shoes

St. Louis, Missouri, United States

Dr. Scholl's Shoes is a provider of foot care brand that has an over 110-year heritage with brand equity in the foot care category. Dr. Scholl's Shoes is based in St. Louis, Missouri.

Sell $585M

Seller(S) 1

SELLER

Tapestry

New York, New York, United States

Category Company
Founded 1941
Sector Apparel/Textiles
Employees12,500
Revenue 6.7B USD (2024)
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 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Capri Holding

London, United Kingdom

Capri Holding is a global fashion luxury group, consisting of iconic brands that provide design, style, and craftsmanship. Its brands cover the full spectrum of fashion luxury categories including women’s and men’s accessories, footwear, and ready-to-wear as well as wearable technology, watches, jewelry, eyewear, and a full line of fragrance products. Capri Holdings was incorporated in 1981 and is based in London, United Kingdom.

Buy $8.5B