Bienvenido tantoco sr biography of michael

Bienvenido Tantoco Sr., the founder of retail empire Rustan's, has passed away, his family said in a statement on Tuesday..

Businessman

Bienvenido Tantoco, Sr is the owner of Rustans, which he co-founded with his wife, the late Gliceria Rustia in 1951.

Bienvenido Tantoco Sr., considered the father of Philippine luxury retail, founded the Rustan's Group of Companies with his wife, the late.

He survived World War II, lived through 14 Philippine presidents, built a luxury department store from the ground up, raised six children, and.

Bienvenido Tantoco Sr., the founder of retail empire Rustan's, has passed away, his family said in a statement on Tuesday.

The Tantoco children say that all his life, their dad never stayed still.

The launch of a new Rustan's in Ayala Center Cebu last Friday, led by their year-old patriarch Bienvenido Tantoco Sr., is not just about the.

He also served as the Philippine Ambassador to Vatican. In 2010, Forbes listed him as the 34th richest Filipino with a networth of USD95 million.

Career

The husband and wife combined the first syllables of their last name and came up with, “Rustans”.

In 1971, he opened the first Rustan’s Supermarket in Highway 54.

Tantoco established several companies under the Rustan’s brand. Among them:

Rustan’s Supercenters, Inc.

Shopwise

Store Specialist Inc.

Rustan’s Marketing Corporation

Rustan’s Marketing Specialists, Inc.

Rustan Coffee

Recently, Tantoco sold over one-third stake in subsidiary Rustan Supercenters, Inc.

(RSCI) which operates group's supermarket chains, to Dairy Farm, retailing unit of Hong Kong's Jardine Matheson, for an undisclosed amount.

Connections

Wife:

Gliceria R