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Caleres secures amended credit agreement ahead of Stuart Weitzman acquisition

US footwear company Caleres has secured an amendment of its existing credit agreement, extending its senior secured asset-based revolving credit facility to June 2030. The deal comes ahead of the company’s acquisition of fellow footwear label Stuart Weitzman, which it is intending to take off the hands of luxury giant Tapestry. Through the...

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Tapestry raises 2025 revenue outlook as Q3 outperforms

Tapestry outperformed in the third quarter of the current financial year, with a revenue increase driven by constant currency growth seen both at its Coach brand and across the European region. Over the period ended March 29, 2025, the company, which also owns Kate Spade and Stuart Weitzman, posted a revenue of 1.58 billion dollars, representing...

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