Tapestry and Capri receive FTC Second Request, extending HSR waiting period on merger

TAPESTRY, INC.

FTC issued Second Request for additional information on Tapestry's acquisition of Capri Holdings.
Second Request extends HSR waiting period until 30 days after substantial compliance.
Both companies expect to respond promptly and continue working cooperatively with FTC.
Tapestry reaffirms expectation that transaction will close in calendar year 2024.

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