StockNews.AI
CAL
StockNews.AI
15 days

Caleres Completes Acquisition of Stuart Weitzman, Accelerating Brand Portfolio Growth

1. CAL has acquired Stuart Weitzman for $120.2 million. 2. The acquisition is expected to enhance CAL's brand portfolio.

2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition of Stuart Weitzman expands CAL's market presence and brand portfolio, similar to past successful acquisitions that boosted stock prices.

How important is it?

The acquisition enhances CAL's standing in the footwear market, indicating potential for revenue growth.

Why Long Term?

Successful integrations from similar acquisitions historically lead to sustained growth over several quarters.

Related Companies

TPRNKEADS
ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL) (caleres.com), a market-leading portfolio of consumer-driven footwear brands, announced today it has closed on the acquisition of Stuart Weitzman from Tapestry, Inc. for $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 final adjustments for net working capital. The agreement to acquire Stuart Weitzman was.

Related News