Reported 2 days ago
Tapestry Inc. has announced an agreement to sell the Stuart Weitzman brand to Caleres for $105 million in cash. This move aims to allow Tapestry to focus on the growth of its other brands, while Caleres plans to enhance sales with Stuart Weitzman as a key addition to its portfolio. The deal follows a legal challenge that blocked Tapestry's merger with Capri Holdings, highlighting ongoing regulatory scrutiny in the fashion industry.
Source: YAHOO