On February 19, 2025, the century-old American footwear group Caleres (NYSE: CAL) officially announced that it had signed a definitive transaction agreement with Tapestry, the parent company of the Coach brand, to acquire the internationally renowned women's shoe brand Stuart Weitzman for an acquisition amount of approximately $105 million.

As both the PRC legal counsel and Hong Kong legal advisor to Caleres, Jingtian & Gongcheng has provided comprehensive legal services throughout the process, including legal due diligence, transaction structure, transaction documents, and subsequent closing. Our professional and efficient collaborative capabilities contributed significantly to the successful completion of this transaction.