Caleres Increases Borrowing Capacity
Caleres has successfully amended its credit agreement, raising its borrowing capacity to $700 million. This strategic move comes just in time as the company prepares for its acquisition of Stuart Weitzman, which is scheduled for summer 2025. The increased financial flexibility will allow Caleres to strengthen its position in the fashion industry.
This acquisition marks a significant milestone for Caleres as it aims to enhance its brand portfolio. By securing this amended credit agreement, Caleres is set to capitalize on growth opportunities in the luxury footwear market. The deal with Tapestry for Stuart Weitzman is poised to elevate Caleres’ competitive edge.
