Caleres announces definitive agreement to acquire stuart weitzman from tapestry

St. louis--(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 weit.
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