Caleres Acquires Stuart Weitzman

Footwear firm Caleres has bought Stuart Weitzman from Tapestry Inc. for $108.7 million. The acquisition is expected to strengthen the company’s standing in the global footwear market. Other shoe brands in Caleres’ portfolio include Famous Footwear, Sam Edelman, Naturalizer and Dr. Scholl’s Shoes.

Caleres Completes Acquisition of Stuart Weitzman, Accelerating Brand Portfolio Growth [press release]

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