As of


On April 3, 2022, the Company notified the administrative
agent under its Credit Facility that it had met the conditions for the release of the collateral securing Capri’s obligations under
the Credit Facility.


The collateral,
which consists of substantially all of the assets and certain registered intellectual property of Capri and certain of its subsidiaries,
was released effective April 3, 2022.


For additional details regarding the Company’s Credit Facility, see pages 95-96 of
our Annual Report on Form 10-K for the year ended March 27, 2021 and Exhibit 10.1 thereto.









Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





Date: April 4, 2022






/s/ Thomas J. Edwards, Jr.




Thomas J. Edwards, Jr.




Executive Vice President, Chief Financial Officer and Chief Operating Officer








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