Form 8-K · Current Report · Filed 2025-02-19
Tapestry, Inc. Announces Sale of Stuart Weitzman to Caleres for $105M
On February 16, 2025, Tapestry, Inc. entered into a definitive agreement to sell its Stuart Weitzman business to Caleres, Inc. for $105 million in cash. The transaction, expected to close in the summer of 2025, includes specific terms such as continued operation of the business during the transition period and non-solicitation of key employees. The announcement was made via press release on February 19, 2025.
- Filer
- Tapestry Inc. TPR · NYSE
- Filed
- Accession
- 0001140361-25-005064
- CIK
- 0001116132
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$89.00
Next session
-2.8%
Since filing
+71.2%
Latest close
$152.37
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Precedent
Previous filings from TPR reporting the same item, with the next session's move:
Exhibits (1)
About Tapestry Inc.
Tapestry Inc., a prominent holding company in the fashion industry, manages luxury brands known for their upscale accessories, footwear, and apparel. Its portfolio includes celebrated names such as Coach, Kate Spade, and Stuart Weitzman, each with their unique style and market appeal. Tapestry's primary function is to oversee the growth and strategic direction of these brands, facilitating their global reach and market penetration. By focusing on design innovation and customer engagement, Tapestry maintains its influence in the luxury goods sector, appealing to a wide demographic interested in fashion-forward and high-quality products. The company places a strong emphasis on brand differentiation and enhancing customer experiences across digital and physical retail platforms. With its headquarters in New York City, Tapestry Inc. is a significant player in the retail industry, showcasing the value and trends of luxury consumer goods while striving for sustainability and social responsibility as part of its corporate ethos.
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