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Caleres Announces Definitive Agreement to Acquire Stuart Weitzman from Tapestry

1. CAL acquires Stuart Weitzman for $105 million, enhancing its footwear portfolio. 2. The deal strengthens CAL's position in the women's fashion footwear market.

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FAQ

Why Bullish?

Acquiring a well-known brand like Stuart Weitzman can drive sales growth for CAL, reminiscent of prior successful acquisitions which boosted market performance.

How important is it?

This acquisition is significant for CAL's strategic direction and market competitiveness, directly affecting its financial standing.

Why Long Term?

This strategic acquisition is likely to enhance CAL's brand portfolio and market reach over years, similar to past acquisitions that yielded sustained growth.

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TPRCAL
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today announced it has signed a definitive agreement to acquire Stuart Weitzman from Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, for $105 million, subject to customary adjustments. The acquisition cements Caleres' leadership position in women's fashion footwear, particularly in the contemporary segment of the market. “I have long admired Stuart Weit.

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