Originally named Coach, Inc., the business changed its name to Tapestry in 2017 to better represent its broader product range when it expanded beyond Coach-brand handbags

Tapestry, Inc.

Tapestry just announced it has reached an agreement to sell the storied shoe brand Stuart Weitzman to Caleres. The acquisition should put Caleres, which specializes in footwear, over $3 billion in sales once the deal closes this summer.

Why Caleres’ Acquisition Of Stuart Weitzman From Tapestry Is Win/Win For Both

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the transaction.

Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger

Two legal battles are rocking Tapestry, Inc, owner of the Coach, Kate Spade and Stuart Weitzman brands. One is a more or less routine trademark dispute against Gap and its Old Navy brand. The other is a fight for the very future of the company and its ability to compete effectively in the luxury market.

Tapestry, Inc. is an independent company.

Tapestry, Inc.