Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 03 2015

Relaxo reaches settlement with Bata over 'SPARX' trademark

Relaxo Footwears has said that it has reached a settlement with competitor Bata India over the use of trademark 'SPARX' in favour of Relaxo Footwears.

Relaxo Footwears has said that it has reached a settlement with competitor Bata India over the use of trademark 'SPARX' in favour of Relaxo Footwears.

"The company has executed a deed of settlement with Bata India for assignment of trademark 'SPARX' in favour of Relaxo Footwears Ltd," Relaxo Footwears said in a BSE filing, PTI reported.

It further said: "Both companies have agreed to file necessary consent terms before the Hon'ble Delhi High Court in due course, for withdrawal/settlement of all pending litigations filed by/against Bata India Ltd and the company."

Relaxo Footwears said the benefit on account of this assignment of trademark along with saving in cost of litigation is considered to be materially beneficial to the company in long-term.

In 2009, Bata dragged Relaxo Footwear before the Delhi High Court alleging infringement of one of its popular brand SPARX.

Comment
image
Related opportunities
  • About Us: Leayan Global Pvt. Ltd, the fast growing part of..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us : A fast growing chain of Premium Cafes ! Established..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Established in the year 2015, Fugazee is a youth..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Furniture/Home Decor & Furnishing
    About Us: INSTA DECOR is a Interior design consortium headed by..
    Locations looking for expansion New Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities