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Caleres Completes Acquisition of Stuart Weitzman, Accelerating Brand Portfolio Growth

1. Caleres acquires Stuart Weitzman for $120.2 million, enhancing brand portfolio. 2. Deal includes $11.5 million in cash; final price subject to adjustments.

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+4.21%Current Return
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+1.1%S&P 500
$13.1708/04 08:36 AM EDTEvent Start
$13.72508/05 03:37 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition bolsters CAL's market presence and brand portfolio, similar to past acquisitions which positively impacted share prices.

How important is it?

The acquisition is a strategic move expected to drive future revenue growth, impacting CAL's valuation significantly.

Why Long Term?

Enhanced brand portfolio positioned for future growth should yield benefits over the long term, as seen with similar strategic acquisitions.

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TPR
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.

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