09:00 AM EDT, 08/04/2025 (MT Newswires) -- Caleres ( CAL ) said Monday it has completed its acquisition of luxury footwear brand Stuart Weitzman from Tapestry (TPR) for $120.2 million.

Caleres ( CAL ) said the transaction was financed through its revolving credit agreement and the consideration included $11.5 million in cash paid at closing.

Jonathan Lelonek, most recently Stuart Weitzman SVP of global wholesale, was named Stuart Weitzman brand president, according to Caleres ( CAL ).

Tapestry confirmed the closing in a separate statement.