CALERES INC (CAL): M&A transaction — 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.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CALERES INC completed an acquisition involving Tapestry, Inc. for $120.2 million (closed 2025-08-04).

Action: acquisition
Counterparty: Tapestry, Inc.
Consideration: $120.2 million
Closing: 2025-08-04

Exact text from the filing

and Purchase Agreement, dated as of February 16, 2025 (the “Purchase Agreement”), by and between the Company and Seller, as amended. The purchase price for the acquisition was $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The purchase price is subject to

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Source: SEC EDGAR

accession 0000014707-25-000049

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