According to sources cited by multiple foreign media outlets, Coach’s parent company Tapestry is seeking to sell its shoe brand Stuart Weitzman, whose CEO will also leave the company in October this year.
As one of the globally renowned high-end footwear brands, Stuart Weitzman was once regarded by many consumers as a “dream shoe” that balances fashion, taste, and topicality. Under the brand filter, even with its best-selling single product 5050 knee high boots priced at five to six thousand yuan, it still attracts a large number of consumers.
But now Stuart Weitzman is highly likely to become an abandoned child. There are reports that Tapestry plans to optimize its product portfolio and enrich its future business operations by selling it.
