Capri Holdings Limited - Tapestry, Inc. Announces Definitive

Unites Six Distinctive Brands, Expanding Portfolio Reach Across Consumer Segments, Geographies, and Product Categories Combined Company Generated Over $12 Billion in Revenue and Nearly $2 Billion in Adjusted Operating Profit in the Prior Fiscal Year Significant Cost Synergy Opportunity of Over $200 Million on a Run-Rate Basis Acquisition Expected to be Immediately Accretive to Tapestry’s EPS on an Adjusted Basis Tapestry Board of Directors Approves an Increase in the Company’s Dividend Link to I

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Tapestry, Inc. Announces Definitive Agreement to Acquire Capri

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Tapestry, Inc. Acquires Capri Holdings in $8.5 Million Deal