The Federal Trade Commission filed a lawsuit April 22 to block Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings Ltd., saying it would not only hurt consumers but also the companies’ employees.
New York-based Tapestry’s operations include a 1.05 million-square-foot facility at the Jacksonville International Tradeport near Jacksonville International Airport, which distributes Coach brand products in North America.
When the companies announced their planned merger in August, Tapestry said it had 430 employees at the distribution center plus 200 temporary employees, which can triple during the peak holiday season.