Girish Mahajan (Editor)

Rustan's

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Type
  
Corporation

Founded
  
1952

Industry
  
Retail

Headquarters
  
Metro Manila and Cebu, Philippines

Products
  
Clothing, footwear, bedding, furniture, jewelry, cosmetics, housewares, supermarket

Revenue
  
$ 3.822 million (FY2009)

Operating income
  
US$ 1.863 million(FY2007)

Founders
  
Gliceria Tantoco, Bienvenido Tantoco

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Rustan's is a Philippine chain of upmarket department stores owned by Rustan Commercial Corporation. The Rustan's brand is also applied to a chain of supermarkets - Rustan's Supermarket and Marketplace by Rustan's - owned and operated by Rustan Supercenters, Inc., an affiliated company.

Contents

History

Rustan's beginning dates back to its establishment in 1951 by spouses, Bienvenido Tantoco and Gliceria Rustia Tantoco. Rustan's Department Store began as a set of goods displayed for sale in the couple's living room. Eventually, the Tantocos expanded from a small gift shop into a full-fledged department store. In 1970, Rustan's Supermarket was established.

Rustan's Department Store is considered as the Philippines most prestigious retailer, carrying many of the world’s most famous upscale names and signature brands, among them, Cartier, Mikimoto, Tiffany, Ermenegildo Zegna, Nina Ricci, Alfred Dunhill, Sonia Rykiel, Estee Lauder. Rustan's was the first in the country's retail industry to introduce a customer loyalty program, "Frequent Shoppers Plus". Rustan’s Supermarket carries exclusive brands such as Casino and Waitrose, alongside other well known international brands.

References

Rustan's Wikipedia