Tapestry's Stuart Weitzman Sale Didn't Come as a Big Surprise -- Market Talk

Dow Jones

02-20

1431 ET - Tapestry's sale of its high-end Stuart Weitzman shoe business to Caleres is no surprise on Wall Street. The market had been speculating about a deal since Tapestry and Capri Holdings--owner of Versace, Jimmy Choo and Michael Kors--ended their merger plan in November. In November, Raymond James analysts said that Tapestry could be considering the sale of Stuart Weitzman, noting that it only represented 4% of its revenue due to its lagging performance and the lack of synergy to its overall portfolio. Tapestry shares barely moved after the news of the sale and are up 0.3% to $89.28. Caleres trades 4.6% higher at $17.25. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

February 19, 2025 14:31 ET (19:31 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The market had been speculating about a deal since Tapestry and Capri Holdings--owner of Versace, Jimmy Choo and Michael Kors--ended their merger plan in November. In November, Raymond James analysts said that Tapestry could be considering the sale of Stuart Weitzman, noting that it only represented 4% of its revenue due to its lagging performance and the lack of synergy to its overall portfolio. Tapestry shares barely moved after the news of the sale and are up 0.3% to $89.28. Caleres trades 4.6% higher at $17.25. 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The market had been speculating about a deal since Tapestry and Capri Holdings--owner of Versace, Jimmy Choo and Michael Kors--ended their merger plan in November. In November, Raymond James analysts said that Tapestry could be considering the sale of Stuart Weitzman, noting that it only represented 4% of its revenue due to its lagging performance and the lack of synergy to its overall portfolio. Tapestry shares barely moved after the news of the sale and are up 0.3% to $89.28. Caleres trades 4.6% higher at $17.25. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 14:31 ET (19:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4516","symbol_name":"特朗普概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512453436","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512453436","pubTimestamp":1739993460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1431 ET - Tapestry's sale of its high-end Stuart Weitzman shoe business to Caleres is no surprise on Wall Street. 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The market had been speculating about a deal since Tapestry and Capri Holdings--owner of Versace, Jimmy Choo and Michael Kors--ended their merger plan in November. In November, Raymond James analysts said that Tapestry could be considering the sale of Stuart Weitzman, noting that it only represented 4% of its revenue due to its lagging performance and the lack of synergy to its overall portfolio. Tapestry shares barely moved after the news of the sale and are up 0.3% to $89.28. Caleres trades 4.6% higher at $17.25. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 14:31 ET (19:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}