Caleres Bolsters Portfolio with $105 Million Acquisition of Stuart Weitzman from Tapestry
Caleres Inc. has acquired the luxury footwear brand Stuart Weitzman from Tapestry Inc. for $105 million. This acquisition enhances Caleres’ presence in the women’s fashion footwear sector and allows them to leverage their extensive retail and e-commerce platforms. Meanwhile, Tapestry will concentrate on its primary brands, Coach and Kate Spade, sharpening its strategic focus after a failed bid to acquire Capri Holdings. The deal, expected to close in the summer of 2025, has been well-received by the market, with Caleres’ stock price rising by 3.2%.
#Caleres, #StuartWeitzman, #Tapestry
A Look at Capri Holdings’ Strategic Missteps with Versace and Michael Kors
Capri Holdings, the parent company of Versace and Michael Kors, faced a nearly 12% drop in quarterly revenue, along with a $600 million write-down for Versace and Jimmy Choo. The company’s attempts to reposition Versace with high-end craftsmanship alienated broader customer segments, leading to a 15% revenue decline for the brand. Michael Kors also experienced backlash from its core customers due to an overemphasis on trendy fashion items and significant price hikes. Both brands are now adjusting their strategies to better align with consumer expectations and market demands.
#CapriHoldings, #Versace, #MichaelKors
Jacquemus' 15th Anniversary Show in Capri: A Glimpse into the Brand's Future Direction
Simon Porte Jacquemus celebrated the 15th anniversary of his brand with a distinctive fashion show at Casa Malaparte in Capri, blending cinematic aesthetics with upscale craftsmanship. The event showcased a collection characterized by vibrant colors, structured textures, and fluid draping, featuring standout pieces like a canary yellow coat and a sleek black dress. The show's intimate setting and reference to style icons such as Jackie Kennedy and Gwyneth Paltrow highlighted Jacquemus' commitment to simplicity and luxury, appealing to a mature audience while preserving the brand's authenticity.
#Jacquemus, #FashionShow, #Capri, #LuxuryFashion, #AnniversaryCollection, #CasaMalaparte, #StyleIcons, #BrigitteBardot, #GwynethPaltrow, #Menswear, #WomensFashion, #DesignerWear