Caleres completes acquisition of stuart weitzman, accelerating brand portfolio growth

St. louis--(business wire)--caleres (nyse: cal) (caleres.com), a market-leading portfolio of consumer-driven footwear brands, announced today it has closed on the acquisition of stuart weitzman from tapestry, inc. for $120.2 million, which included $11.5 million in cash received at the closing. excluding cash received at the closing, the net purchase price was $108.7 million. the purchase price is subject to final adjustments for net working capital. the agreement to acquire stuart weitzman was.
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