It’s no big deal really, Gokongweis tell Tantocos on not being able to use Rustan’s trademark
Robinsons Retail Holdings Inc., the retail arm of the family of industrialist John Gokongwei, has fired back at the Tantocos, who warned against unauthorized use of the Rustan’s trademark.
RRHI, which entered into an P18 billion deal to acquire the upscale grocery chain Rustan Supercenters from Hong Kong-based retailer Dairy Farm International Holdings Ltd. last month, argued that the license agreement between Rustan Supercenters and the Tantoco-led Rustan Commercial Corp. (RCC) “remains in full force and effect”.
“RRHI understands that Rustan Supercenters currently operates “Rustans” supermarkets under licence from RCC (an entity that is not related to the previously announced transaction between RRHI and the Dairy Farm Group,” the Gokongwei-led company said.
The Gokongweis, however, said they were ready to “rebrand Rustan Supercenters to other premium brand alternatives” should the license agreement be validly terminated by RCC.
Amid the impending sale, the Tantocos reiterated that the Rustan’s trademark and tradename were solely owned by RCC and that the use by any third party thereof would require their prior written consent.
Rustan Supercenters operates food retail brands Marketplace by Rustan’s, Rustan’s Supermarket, Shopwise Hypermarket, Shopwise Express and Wellcome.
The Tantocos used to own Rustan Supercenters until they decided to sell it to Dairy Farm in 2012.
However, they claimed their contract with Dairy Farm was for “a limited period of only five years commencing from 2012 and was terminated upon written notic on April 3, 2018.”