Caleres, a market-leading portfolio of consumer-driven footwear brands, has announced it has signed a definitive agreement to acquire footwear brand Stuart Weitzman from Tapestry, a house of iconic accessories and lifestyle brands, for $105 million, subject to customary adjustments.

The transaction is expected to close in the summer of 2025, and Caleres will fund the acquisition through the company’s revolving credit agreement. The company will provide more details regarding its integration plans and the financial impact of the acquisition after the transaction closes.

For more information, visit caleres.com.