Caleres completed the acquisition of Stuart Weitzman from Tapestry for $105m.

Caleres, a portfolio of consumer-driven footwear brands, completed the acquisition of Stuart Weitzman, a global luxury footwear brand, from Tapestry, a house of iconic accessories and lifestyle brands, for $105m. “Stuart Weitzman is one of the most iconic names in luxury footwear, and the brand’s original designs have embodied elegance and modernity for decades. We are honored to welcome Stuart Weitzman to Caleres as our newest lead brand and to congratulate Jonathan on his appointment as brand president. With the addition of Stuart Weitzman, our Brand Portfolio segment will represent nearly half of our total revenue going forward. As we integrate this iconic brand, we remain committed to preserving the artistry, quality and renowned fit at the brand’s core,” Jay Schmidt, Caleres President and CEO.