Tapestry, Inc. Completes Sale of Stuart Weitzman Brand to Caleres

NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, today announced it has successfully closed the previously announced sale of the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands. Advisors Morgan Stanley & Co. LLC served as Tapestry, Inc.’s financial advisor and Latham & Watkins LLP was its legal advisor. BofA Securities served as Caleres’s financial advisor and BCLP (Brya