The company said on February 16, 2025 it entered into a sale and purchase agreement with Caleres, Inc. to sell the Stuart Weitzman business for total cash consideration of $105 million. The price is subject to customary adjustments for cash, debt, net working capital and transaction expenses.

1. 01

   The company said on February 16, 2025 it entered into a sale and purchase agreement with Caleres, Inc. to sell the Stuart Weitzman business for total cash consideration of $105 million. The price is subject to customary adjustments for cash, debt, net working capital and transaction expenses.

2. 02

   Tapestry said the buyer will acquire certain assets and liabilities of the company's global Stuart Weitzman business, which designs, manufactures, promotes, markets, produces, distributes, sells and licenses Stuart Weitzman branded products.

3. 03

   Tapestry said the closing is expected in the summer of 2025 and is subject to customary closing conditions. Either party may terminate the agreement if the deal is not completed by February 16, 2026.

4. 04

   Tapestry said it and its controlled affiliates have agreed not to solicit or hire certain key Stuart Weitzman employees for 1 years after closing. The company also said it will enter into a Transition Services Agreement at closing, under which it will provide certain transition services.

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Original filing

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