Caleres to acquire Stuart Weitzman from Tapestry for $105M; expected close summer 2025

CALERES INC

Purchase price $105M in cash, funded via revolving credit; subject to customary adjustments.
Brand Portfolio segment to generate nearly half of total revenue post-acquisition.
Caleres reaffirms FY2025 guidance for sales and EPS; earnings report scheduled March 19.
Advisors: BofA Securities & BCLP for Caleres; Morgan Stanley & Latham & Watkins for Tapestry.

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