Tapestry, inc. completes sale of stuart weitzman brand to caleres

New york--(business wire)--tapestry, inc. (nyse: tpr), a house of iconic accessories and lifestyle brands, today announced it has successfully closed the previously announced sale of the stuart weitzman brand to caleres (nyse: cal), a market-leading portfolio of consumer-driven footwear brands. advisors morgan stanley & co. llc served as tapestry, inc.'s financial advisor and latham & watkins llp was its legal advisor. bofa securities served as caleres's financial advisor and bclp (brya.
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