secwatch.observer — SEC 8-K summary
======================================

Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001140361-23-052466
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry files Capri financials for proposed $8.5B acquisition
--------------------------------------------------------------

- Capri FY2023 revenue $5,619M, net income $616M, diluted EPS $4.60.
- Capri revenue down 0.6% YoY; net income down 25% from $822M in FY2022.
- Capri recorded $142M asset impairment in FY2023, including $82M goodwill and $24M brand impairment.
- Pro forma combined balance sheet and statements as of Sept 30, 2023 filed as Exhibit 99.4 and 99.5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036123052466/0001140361-23-052466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036123052466/ef20014236_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-052466

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer