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Palace hails father of luxury retail

As the founder of the Rustan Group of Companies, Tantoco was considered as the ‘Father of Philippine Luxury Retail’

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Daily Tribune artist Glen Tolo’s reproduction of the late Bienvenido ‘Benny’ Tantoco Sr., Father of Philippine Luxury Retail.

The Palace through Chief Presidential Legal Counsel Salvador Panelo had issued its expression of sympathy to the family of Bienvenido “Benny” Tantoco Sr. who passed away last Tuesday, on 6 July at the age of 100.

As the founder of the Rustan Group of Companies, Tantoco was considered as the “Father of Philippine Luxury Retail” with his eldest daughter, Nedy, calling him the original retail therapist of the country.

Tantoco’s contributions to local trade and commerce “will forever remain remarkable as we express our gratitude to his hard-work which benefited numerous citizens for employment and training in the mentioned field.”

“Tantoco’s diligence, resilience and innovation led to him pioneering Rustan’s as the original luxury department store in the country way back in the 50s,” Panelo noted.
From the store’s humble beginnings, Tantoco together with his wife and children, was able expand the enterprise, he noted.

Sense of community

Tantoco’s generosity and selflessness were exhibited by his establishment of the Tantoco-Rustia Foundation, which aims to uplift our countrymen, such as by providing school scholarships, as well as fundraising and sponsoring events in arts and culture.

Tantoco is also a public servant, as he was appointed Philippine ambassador to the Vatican in the mid-eighties.

“As we honor the life and works of Ambassador Tantoco and commiserate with those who hold him dearly, we pray that the perpetual light will forever shine upon his soul as he rests in happiness and peace,” Panelo explained.

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