Coach (COH) has agreed to buy luxury shoe maker Stuart Weitzman for a potential $574 million.

The deal for Stuart Weitzman will have Coach paying $530 million cash upfront to Sycamore for the brand. If the brand exceeds a set sales number in 3 years after the deal, the company will pay another $44 million to Sycamore, reports The New York Times.

The deal will have Stuart Weitzman, founder of the shoe maker, keeping his roles as executive chairman and creative director of the company. The deal between the two companies is expected to close in May, NYT notes.

Several celebrities have been seen wearing Stuart Weitzman shoes. The list includes Jennifer Lawrence, Emma Watson and more, reports Forbes.

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