Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands, announced that it entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands. The transaction is expected to close in summer 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Tapestry, Inc. in the transaction with a corporate deal team led by New York partner Leah Sauter and New York/Orange County partner Charles Ruck, with associates Taylor Wood, Blake Clevenger, Brian Herskowitz, Patrick O’Neal, and Nikky Wei. Advice was also provided on China/Hong Kong corporate matters by associate Vincent Jiang; on US tax matters by New York partner Eric Kamerman; on US benefits and compensation matters by New York partner Bradd Williamson, with associates Alisa Hand and Drew Baker; on Spain benefits and compensation matters by Madrid counsel Guillermo Ruiz de Salazar; on France benefits and compensation matters by Paris partner Matthias Rubner; on labor and employment matters by New York counsel Sandra Benjamin, with associate Jane Jeong; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore and Kellye Quirk; on data privacy matters by Bay Area partner Robert Blamires, with associate Kathryn Parsons-Reponte; on real estate matters by San Diego partner James Mann, with associate Madeline Hodges; on antitrust matters by Washington, D.C. partners Mandy Reeves and Lindsey Champlin and Washington, D.C. counsel Tara Tavernia, with associate Panya Baldia; on ex-US antitrust matters by Brussels partner Héctor Armengod, with associate Anna Escrigas Cañameras; and on environmental matters by New York counsel David Langer.