Caleres completes $108.7M acquisition of Stuart Weitzman from Tapestry on Aug 4, 2025

CALERES INC

Purchase price of $120.2M gross, net $108.7M after $11.5M cash received; subject to working capital adjustments.
Stuart Weitzman generated ~$220M in trailing 12-month sales; Caleres expects to return brand to profitability.
Jonathan Lelonek appointed Stuart Weitzman brand president; previously SVP of global wholesale at the brand.
Acquisition funded via Caleres' revolving credit agreement; BofA Securities served as financial advisor.
Brand Portfolio segment to represent nearly half of total revenue post-acquisition.

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