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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.
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.
