Tapestry is selling footwear brand Stuart Weitzman to Caleres, Inc. for $105 million, marking a strategic portfolio shift. Acquired in 2015 for $574 million, Stuart Weitzman now represents just 3.1% of Tapestry’s revenue. CEO Joanne Crevoiserat emphasized focusing on Coach and kate spade new york. Caleres plans to position Stuart Weitzman as a portfolio leader, ensuring profitability. #luxuryliving #luxuryfashion #luxuryfootwear #tapestry #stuartweitzman #caleres #coach #katespade #luxurydaily https://lnkd.in/eE6Dcb9p
