Feb 19 (Reuters) - Coach parent Tapestry will

sell the Stuart Weitzman brand to Dr Scholl's footwear owner

Caleres ( CAL ) for $105 million in cash, the companies said on

Wednesday.

The divestment comes months after Tapestry and Michael

Kors-owner Capri abandoned their $8.5 billion merger

following a legal challenge.

"Stuart Weitzman will be a lead brand for Caleres ( CAL ), and with

this combination the brand portfolio segment will generate

nearly half of our total revenue and will continue to generate

over half of our operating profit," said Caleres ( CAL ) CEO Jay

Schmidt.

Caleres ( CAL ) also houses Sam Edelman and Vince.

Tapestry witnessed strong demand for Coach's Tabby handbags

in the reported quarter, while Kate Spade and Stuart Weitzman

lagged.

The deal is expected to close in the summer of 2025, the

companies said.