{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-038946","form_type":"8-K","ticker":"TPR","cik":"0001116132","company_name":"TAPESTRY, INC.","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.176877+00:00","generated_at":"2026-06-11T16:30:23.433677+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Tapestry to buy Capri Holdings for $57/sh cash, ~$8.5B EV, creating luxury house","bullets":["Tapestry acquires Capri Holdings for $57.00 per share cash, ~59% premium to 30-day VWAP, total enterprise value ~$8.5B.","Combined company generated >$12B revenue and ~$2B adjusted operating profit in prior fiscal year; immediately accretive to Tapestry adjusted EPS.","Expects >$200M run-rate cost synergies within 3 years; Tapestry raises quarterly dividend 17% to $1.40/share annualized.","$8.0B fully committed bridge financing from Bank of America and Morgan Stanley secured; no financing condition.","Closing expected in calendar 2024 subject to Capri shareholder vote and regulatory approvals; termination fee of $240M if Capri backs out."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-038946","json":"https://secwatch.observer/filing/0001140361-23-038946.json","markdown":"https://secwatch.observer/filing/0001140361-23-038946.md","text":"https://secwatch.observer/filing/0001140361-23-038946.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1116132/000114036123038946/0001140361-23-038946-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1116132/000114036123038946/brhc20057354_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T16:30:23.433677+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b499aeaf1b0a1aec8cb7b7a0f43b359fc38f04ed","claim":"TAPESTRY, INC. updated its the prior fiscal year guidance (reaffirmed).","evidence_excerpt":"the Company expects to report annual revenue and earnings per diluted share consistent with its previously issued guidance range. Also on August 10, 2023, the Company held a conference call to discuss, among other things, the announcement and execution of the Merger Agreement and certain other information. A copy of the press release is attached hereto as Exhibit 99.1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1116132/000114036123038946/0001140361-23-038946-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the prior fiscal year"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"aaf0989f906fbcbb2a55577161f486b3a8fd1ccc","claim":"TAPESTRY, INC. entered into Agreement and Plan of Merger with Capri Holdings Limited (effective 2023-08-10).","evidence_excerpt":"On August 10, 2023, Tapestry, Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Sunrise Merger Sub, Inc., a British Virgin Islands business company limited by shares with BVI company number 2129509 incorporated under the laws of the territory of the British Virgin Islands and a wholly owned subsidiary of the Company (“Merger Sub”), and Capri Holdings Limited, a British Virgin Islands business company limited by shares with BVI company number 524407 incorporated under the laws of the territory of the British Virgin Islands (“Capri”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1116132/000114036123038946/0001140361-23-038946-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Capri Holdings Limited"},{"label":"Effective","value":"2023-08-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}