Tapestry Inc. is a leading American luxury fashion holding company that encompasses a portfolio of renowned brands, including Coach, Kate Spade, and Stuart Weitzman. The company's mission is to empower the modern consumer through innovative and high-quality products that reflect their individuality and lifestyle. Tapestry Inc. employs a strategy focused on digital transformation, sustainability, and global expansion to enhance customer engagement and drive growth. Through its operations, Tapestry Inc. emphasizes craftsmanship, creativity, and inclusivity, aiming to create a lasting impact in the luxury market while fostering a strong connection with its diverse clientele.

TAPESTRY INC

Tapestry Inc. is making a significant strategic move by agreeing to sell its luxury footwear brand, Stuart Weitzman, to Caleres for $105 million. This decision follows a failed merger attempt with Capri Holdings, which was blocked due to legal concerns about competition in the luxury market. The sale, expected to...

Tapestry Sells Stuart Weitzman to Caleres for $105 Million, Refocusing on Coach and Kate Spade After Failed Merger

Tapestry Inc. is strategically divesting Stuart Weitzman to focus on its thriving brands, Coach and Kate Spade, after a challenging merger attempt. As Tapestry aims for sustainable growth, can this shift rejuvenate its brand portfolio and enhance shareholder value?