, Philippines

Philippines’ Rustan’s Co-founder Bienvenido Tantoco, Sr. passes

Since its founding, the retailer has opened department stores in five major locations.

Rustan's co-founder, Bienvenido “Benny” Tantoco, Sr., passed away on 6 July in Makati City, the company announced through its social media post.

In 1952, Tantoco and his wife Gliceria Rustia-Tantoco brought back products from their trips abroad to show to friends in their home, but as more people visited, the couple opened their first store in Old Manila's San Marcelino Street in the Philippines, according to the company’s website.

Over six decades later, the shop evolved, Rustan Group of Companies, named after a combination of the couple's surnames, Rustia and Tantoco. Rustan's has opened its department store in five major locations, launched several boutique stores, and has licensed more than 2,000 international brands to the company.

“The management and employees wish to express their heartfelt sympathy to his bereaved children, grandchildren, great-grandchildren, great-great-grandchild, and other loved ones, and request the pious readers to join us in prayer for his eternal rest,” the company said.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Tailor-fitting retail stores to catch up on the digitisation race
Retailers would need over 200 hours to manually digitise their products, but Fairmart claims this could be trimmed down to zero.