Caleres Inc. has completed its acquisition of luxury footwear brand Stuart Weitzman from Tapestry, Inc. for a total of $120.2 million. The deal, which includes $11.5 million in cash received at closing, was initially announced in February 2025. The acquisition aims to integrate Stuart Weitzman into Caleres' portfolio, enhancing its position in the global footwear market. With Stuart Weitzman now part of its Brand Portfolio segment, Caleres expects the brand to contribute significantly to its revenue and is committed to maintaining the brand's legacy of elegance and quality. Jonathan Lelonek, who has been with Stuart Weitzman since 2012, has been appointed as the brand president.
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