Caleres Expands Portfolio with Stuart Weitzman Acquisition
Deal News | Feb 27, 2025 | Bryan Cave Leighton Paisner LLP
Caleres, Inc., a St. Louis-based leader in the footwear market, has entered into a definitive agreement to acquire the Stuart Weitzman brand from Tapestry, Inc. for $105 million. This transaction, expected to close in the summer of 2025, will further strengthen Caleres' position in the women's fashion footwear segment. Bryan Cave Leighton Paisner LLP served as legal advisor to Caleres, with a multi-disciplinary team led by Stephanie Hosler and Aaron Lang. The transaction involves legal expertise from various domains including corporate transactions, insurance, tax, real estate, employment, environmental, and antitrust. Stuart Weitzman, known for its luxury footwear, previously operated under the corporate umbrella of Tapestry, which owns other iconic brands like Coach and Kate Spade.
Sectors
- Footwear
- Legal Services
Geography
- United States – Caleres is based in St. Louis, Missouri, and the transaction involves major U.S.-based corporations.
Industry
- Footwear – The article revolves around the acquisition of a footwear brand, Stuart Weitzman, by Caleres, a company with a diverse portfolio in the footwear industry.
- Legal Services – The involvement of Bryan Cave Leighton Paisner LLP as legal advisors highlights the role of legal services in this acquisition deal.
Financials
- 105 million – Total transaction value for the acquisition of the Stuart Weitzman brand by Caleres.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Caleres, Inc. | Bidding Company | Company | A market-leading portfolio of footwear brands based in St. Louis, Missouri. |
| Tapestry, Inc. | Selling Company | Company | The parent company of the Stuart Weitzman brand, also owning brands like Coach and Kate Spade. |
| Stuart Weitzman | Target | Company | A luxury footwear brand being acquired by Caleres from Tapestry. |
| Bryan Cave Leighton Paisner LLP | Legal Advisor | Company | Provided legal advice to Caleres in the acquisition of the Stuart Weitzman brand. |
| Stephanie Hosler | Lead Legal Advisor | Person | Led the BCLP deal team advising Caleres on the acquisition. |
| Aaron Lang | Lead Legal Advisor | Person | Co-led the BCLP deal team with Stephanie Hosler. |