Tapestry, inc. enters into definitive agreement to sell stuart weitzman brand to caleres

New york--(business wire)--tapestry, inc. (nyse: tpr), a house of iconic accessories and lifestyle brands, today announced that it entered into a definitive agreement to sell the stuart weitzman brand to caleres (nyse: cal), a market-leading portfolio of consumer-driven footwear brands, for $105 million in cash, subject to customary adjustments. “stuart weitzman is an iconic global footwear brand, whose teams have added to the passion, creativity, and craftsmanship of our organization over the.
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