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Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl's footwear owner Caleres for $105 million in cash, the ...

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Tapestry has struck a deal to sell its Stuart Weitzman shoe brand to footwear seller Caleres for $105 million in cash.

Caleres shares rose in February following a surprising acquisition deal after recent guidance cuts and tough market conditions. Learn more about CAL stock here.