Relaxo Footwears has amicably settled the on-going protracted litigation with Bata India in respect of trademark ‘SPARX’. The company has executed a deed of settlement with Bata India for assignment of trademark ‘SPARX’ in favour of Relaxo Footwears and both companies have agreed to file necessary consent terms before the Delhi High Court in due course, for withdrawal/settlement of all pending litigations filed by/against Bata India and the company.
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.
Relaxo Footwears is one of India’s most quality conscious and progressive footwear companies. It started off with manufacturing of Hawaii slippers and subsequently diversified into manufacturing casuals, joggers, school and leather shoes.
